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JSPL climbs over 3 per cent on introducing transparent competitive bidding process for JPL divestment

The company has planned to put minority shareholders’ interests at the forefront of the decision-making process and decided to launch an additional transparent competitive bidding process for the proposed stake sale of Jindal Power Limited (JPL).

Shreya Chaware / Article rating: 3.4

On Monday, Sensex & Nifty traded on a flat note at the start of the trading session. Jindal Steel & Power Limited (JSPL) caught investors' attention by zooming 4.12 per cent in the initial minutes of Monday's trading session. The company's introduction of a transparent competitive bidding process for JPL divestment has given a boost to the company's share price. 

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