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Godawari Power & Ispat Ltd. integrates its source of power | M&A Critique - 0 views

mnacritique.mergersindia.com/oys-acquisition-power-business

Godavari Power & Ispat Jagdamba Alloys Acquisition

shared by mnacritique on 26 Aug 20 - No Cached
  • mnacritique on 26 Aug 20
     
    Godawari Power & Ispat Ltd. (GPIL), a listed company, is going to acquire the power undertaking of its unlisted associate company, Jagdamba Power and Alloys Ltd. (JPAL). It is going to be an all stock deal. Earlier in 2018, the companies had tried to amalgamate JPAL into GPIL but the shareholders of JPAL had rejected the scheme. Now in a renewed effort, GPIL has again knocked the doors of JPAL to meet its power needs.
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