News Brief | October 2016
CCI approves sale of Jaiprakash´s Bina unit to JSW
Fair trade regulator, the Competition Commission of India (CCI) has approved JSW Energy Limited´s buy-out of Jaiprakash´s Bina Power Supply Limited. ´The consideration of sale of entire securities of BPSL to be received from JSW Energy is linked to a base enterprise value of Rs.2,700 crore, subject to mutually agreed adjustments,´a statement from Jaiprakash Power said. JSW Energy signed a binding MoU with Jaiprakash Power Ventures to buy its 500 MW Bina power plant.
Contact: JSW Energy