The Competition Commission of India (CCI) has approved the proposed acquisition of 100 per cent shareholding of Jhajjar Power Limited by Jindal Jhajjar Power Limited.
The acquirer is a wholly owned subsidiary of Jindal Power Limited, which is engaged in power generation, including thermal power. Jhajjar Power, the target entity, is also involved in thermal power generation. The transaction marks a consolidation move within the Jindal Group’s power portfolio.