The deadline of JSW Energy’s acquisition of Jaiprakash Power Ventures’s Bina power plant is set for 31 May at an enterprise value of Rs2,700 crore. “The deal is unlikely to happen now due to SDR in Jaiprakash Power,” one of the two cited above said. Both JSW Energy and Jaiprakash Power Ventures did not respond to emailed queries and subsequent requests for comments since 14 February. On 8 September 2015, JSW Energy signed a binding memorandum of understanding (MoU) with Jaiprakash Power Ventures to buy the 500MW Bina plant. JSW Energy: The making of a powerhouseJaiprakash Associates owns 60.69% stake in Jaiprakash Power.

Source: Mint February 19, 2017 18:22 UTC