Speed Post News Network
New Delhi : The Competition Commission of India (CCI) has approved acquisition of 96.42% equity shareholding in Jindal Power Limited (JPL) by Worldone Private Limited.
Worldone Private Limited (Worldone) is an investment holding company which has investments in various listed and unlisted companies. Jindal Power Limited (JPL) is primarily engaged in the business of generating thermal power by using coal as a fuel source.
The Proposed Combination relates to acquisition of 96.42% equity shareholding in JPL by Worldone. The relevant markets associated with the transaction are (i) Market for coal-based thermal power generation in India (ii) Market for power transmission in India. Detailed order of the CCI will follow, according to a PIB release..