Jindal Steel and Power Ltd. (JSPL), is most likely on the final stage of divesting the Power Arm with several players including Promoter Entities,
Highlights of the news are:
a) Promoters are ready to buy-out Jindal Power and further invest funds in JSPL
b) Jindal Power’s valuation is at around INR 8,500-9,000 crore
c) The deal will further reduce debts of the company
The conclusion is yet to made, SteelMint learned from media sources.
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