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CCI approves acquisition of 96% equity shareholding in Jindal Power by Worldone

by Economy India
December 30, 2021
Reading Time: 1 min read
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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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Tags: CCIJindal Power LimitedWorldone Private Limited
Economy India

Economy India

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

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