 "CCI approves 96.42 per cent equity acquisition in Jindal Power by Worldone")
The Competition Commission of India (CCI) said on Thursday it has approved the acquisition of 96.42 per cent equity shareholding in Jindal Power Limited 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 the acquisition of 96.42 per cent 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, the Competition Commission of India said in a statement.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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