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.
Govt withdraws Jamkhani mine from coal block auction
The Central government has withdrawn the Jamkhani mine in Orissa from the second round of the coal mine auctions. This was disclosed before the Delhi High Court by Additional Solicitor General Sanjay Jain.
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