Acquisition of KSK Mahanadi Power Company Limited on implementation of the Resolution Plan under the…
As filed · JSW Energy Limited has informed the Exchange about Acquisition of KSK Mahanadi Power Company Limited on implementation of the Resolution Plan under the Insolvency and Bankruptcy Code, 2016
DistressMixedCriticalmateriality 100 out of 100
What happened
FactJSW Energy Ltd. has completed the acquisition of KSK Mahanadi Power Company Limited following the approval of its Resolution Plan by the National Company Law Tribunal and the Competition Commission of India. The company has paid a Resolution Amount of Rs. 16,084.08 crores and now holds 74% equity shares of KSK Mahanadi Power Company Limited, which has become a subsidiary of JSW Energy Ltd.