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Jindal Steel & Power is currently trading at Rs. 447.15, up by 4.85 points or 1.10% from its previous closing of Rs. 442.30 on the BSE.

The scrip opened at Rs. 447.00 and has touched a high and low of Rs. 455.95 and Rs. 437.35 respectively. So far 510510 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 451.50 on 26-Apr-2021 and a 52 week low of Rs. 79.70 on 27-Apr-2020.

Last one week high and low of the scrip stood at Rs. 451.50 and Rs. 418.00 respectively. The current market cap of the company is Rs. 46216.92 crore.

The promoters holding in the company stood at 60.47%, while Institutions and Non-Institutions held 27.91% and 11.62% respectively.

Jindal Steel & Power (JSPL) has accepted a binding offer from Worldone Private, to divest its 96.42% stake in Jindal Power (JPL), a material subsidiary of the Company. The divestment is in line with JSPL’s strategic objective to continuously reduce its debt, focus on its India Steel business and significantly reduce its carbon footprint by almost half as part of its ESG objectives. The equity value is an all-cash offer of Rs 3,015 crore for 96.42% stake in JPL including 3,400 MW Coal fired power plants in State of Chhattisgarh and other non-core assets owned by JPL.

The divestment is subject to receipt of requisite approvals including approval from shareholders of JSPL, approval from lenders of JPL and JSPL, and such other statutory approvals, consents, permissions and sanctions as may be necessary in line with the extant relevant guidelines.

JSPL is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.