 "power")
Jindal Steel & Power ltd (JSPL) said on Sunday it has got a revised bid from Worldone for its thermal power arm. The company is hiving off Jindal Power ltd (JPL) to reduce debt.
In April, JSPL divested 96.42 in JPL to Worldone for Rs 3,015 crore. Worldone Pvt is owned by the JSPL promoter group, managing and holding investments across various listed and unlisted companies.
However, after feedback from several investors and shareholders who pointed out that the deal value is lower than expected, JSPL asked for revised bids. JSPL said it has negotiated a revised and improved binding
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