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JSW Energy Limited ( (IN:JSWENERGY) ) has shared an update.
JSW Energy Limited has announced a Scheme of Arrangement with GE Power India Limited, involving the demerger of GE Power’s business related to power boilers and related components to JSW Energy. This strategic move, approved by JSW’s Board, aims to enhance JSW Energy’s operational capabilities and market position in the energy sector. The arrangement includes issuing equity shares to GE Power’s shareholders and is subject to regulatory approvals. If the demerger is not feasible, a slump sale will be considered, ensuring the acquisition of the business as a going concern.
More about JSW Energy Limited
JSW Energy Limited is part of the O.P. Jindal Group and operates in the energy sector, focusing on the manufacture and supply of power boilers components, pressure vessels, piping, and coal mills for thermal power plants.
Average Trading Volume: 145,971
Technical Sentiment Signal: Buy
Current Market Cap: 935.2B INR
See more data about JSWENERGY stock on TipRanks’ Stock Analysis page.