The Indian Competition Authority approves the merger between two power generation companies active in the upstream and downstream sectors as not likely to impact competition (Jindal Power / Worldone)

Worldone Private Limited (“Worldone/Acquirer”) is an investment holding company, engaged in various businesses including the business of manufacturing steel and captive thermal power generation. Worldone presently has shareholding in various entities, including Jindal Power Limited (“JPL / Target”). JPL, a subsidiary of Jindal Steel & Power Limited (“JSPL”), is engaged in the business of generating thermal power by using coal as