Templar Investments to acquire Jindal Shadeed Iron and Steel from Jindal Steel and Power for $1bn.

Templar Investments, a growth-oriented private investment firm, to acquire Jindal Shadeed Iron and Steel, the wholly-owned integrated steel complex of Jindal Steel and Power, an Indian steel and energy company, for $1bn. The divestment is in line with JSPL’s vision and commitment to bring down its debt and deleverage its balance sheet.