CCI approves the proposed acquisition of 100% shareholding of Jhajjar Power Limited by Jindal Jhajjar Power Limited

New Delhi 25 November :-The Competition Commission of India has approved the proposed acquisition of 100% shareholding of Jhajjar Power Limited by Jindal Jhajjar Power Limited

The proposed combination involves the acquisition of 100% shareholding of Jhajjar Power Limited (Target) by Jindal Jhajjar Power Limited (Acquirer) (Proposed Combination).

The Acquirer is a wholly-owned subsidiary of Jindal Power Limited (JPL). JPL is engaged in power (including thermal power) production.

The Target is engaged in thermal power production.

Detailed order of the Commission will follow.