SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

CCI approves acquisition of over 96% stake in JSPL’s arm by Worldone

31 Dec 2021 Evaluate

Competition Commission of India (CCI) has approved the acquisition of over 96 per cent stake in Jindal Steel & Power’s (JSPL) subsidiary company -- Jindal Power by Worldone.  Earlier in July, Jindal Steel & Power had received Rs 7,401 crore revised offer from Worldone to acquire the 96.42 per cent stake in Jindal Power.

The proposed combination is in line with JSPL's strategic objective to bring down its debt and to reduce the firm's carbon footprint as part of its broader ESG (Environmental, Social and Governance) objectives. Worldone is a private company owned by the Promoter Group of JSPL, managing and holding investments across various listed and unlisted companies.

Jindal Steel & Power is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.

Jindal Steel Share Price

1190.70 -6.50 (-0.54%)
05-Jun-2026 10:11 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×