# JSPL to sell entire stake in Oman subsidiary Jindal Shadeed for over $1 billion

Jindal Steel and Power Ltd (JSPL) accepted a binding offer from Templar Investments Limited to divest its entire stake in its Oman asset Jindal Shadeed Iron and Steel Co LLC for an enterprise value of over $1 billion.

- Type: Acquisition
- Announced: 2020-06-30
- Where: Oman
- Value: $1.00B
- Status: announced
- Products: iron and steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Jindal Steel and Power](https://endata.com/companies/24516.md)
- [Templar Investments Limited](https://endata.com/companies/48263.md) (acquirer)
- [Jindal Shadeed Iron and Steel Co LLC](https://endata.com/companies/48264.md) (target)

## Sources

- [moneycontrol.com](https://www.moneycontrol.com/news/business/jspl-to-sell-stake-in-oman-subsidiary-for-over-1-billion-5486091.html), 2020-06-30: "JSPL, in a statement, said its subsidiary 'Jindal Steel and Power (Mauritius) Ltd (JSPML) has accepted a binding offer from Templar Investments Limited to divest its entire stake in its Oman asset Jindal Shadeed Iron and Steel Co LLC (JSIS Oman)'."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.