Competitors Commission has cleared acquisition of 96.42 percent stake in Jindal Power by WorldoneNew Delhi: The Competition Commission of India (CCI) stated on Thursday that it has actually authorized the acquisition of 96.42 percent equity shareholding in Jindal Power Limited by Worldone Private Limited.Worldone Private Limited (Worldone) is a financial investment holding business which has investments in different listed and unlisted business.
Jindal Power Limited (JPL) is primarily participated in the business of producing thermal power by using coal as a fuel source.The proposed combination connects to the acquisition of 96.42 percent equity shareholding in JPL by Worldone.
The relevant markets related to the transaction are - market for coal-based thermal power generation in India and market for power transmission in India - the CCI said in a statement.