According to a report in PIB, The Competition Commission of India (CCI) approves acquisition of 96.42% 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.
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Jindal Power Limited (JPL) is primarily engaged in the business of generating thermal power by using coal as a fuel source, the report said.
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. (PIB)
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