No JSW-GMR deal for now

  • 0

No JSW-GMR deal for now

Saturday, 01 August 2020 | PNS | BHUBANESWAR

The JSW Energy on Friday said it has terminated its Rs 5,321-crore deal to acquire the Odisha (Dhenkanal)-based GMR Kamalanga Energy due to the Covid-19 situation.

Both parties have mutually agreed to terminate the transaction, the JSW Energy said in its BSE filing. The transaction would be revisited once the situation normalises, it said.

In February, the JSW Energy had signed a share purchase agreement to acquire 100% of GMR Kamalanga Energy, which owns and operates a 1,050-MW (3×350 MW) thermal power plant, for Rs 5,321 crore (subject to working capital and other adjustments).

Sunday Edition

REal estate in the times of Corona

09 August 2020 | Sush Clays | Agenda

Astroturf | Know self for a better future

09 August 2020 | Bharat Bhushan Padmadeo | Agenda

Tackling Covid in the capital

09 August 2020 | Miniya Chatterji | Agenda

Best to redefine your career goals

09 August 2020 | Karan Verma | Agenda

India no more ‘soft state’ under Modi’s leadership

09 August 2020 | KK SRIVASTAVA | Agenda

'I'm a storyteller, medium doesn't matter'

09 August 2020 | Shalini Saksena | Sunday Pioneer