JSPL’s Divestment of a Stake in Jindal Power Limited

Khaitan & Co. advised Worldone Private Limited on the deal.

Worldone Private Limited executed a binding offer and other transaction documents for acquisition of 96.42% equity stake held by Jindal Steel & Power Limited in Jindal Power Limited, including 3,400 MW coal-fired power plants in the state of Chhattisgarh and other non-core assets owned by Jindal Power Limited.

The Khaitan & Co. team consisted of Partner Dibyanshu (Picture), Swathy Ramanath (Partner), Smita Jha (Partner), Rohan Nadimpally (Senior Associate) and Shivanshu Puhan (Senior Associate) with assistance from Anisha Chand (Partner) and Soham Banerjee (Senior Associate) on Competition law aspects of the transaction

Involved fees earner: Soham Banerjee – Khaitan & Co.; Anisha Chand – Khaitan & Co.; Dibyanshu – Khaitan & Co.; Smita Jha – Khaitan & Co.; Rohan Nadimpally – Khaitan & Co.; Shivanshu Puhan – Khaitan & Co.; Swathy Ramanath – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Worldone Private Limited ;

Author: Sonia Carcano