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JSW Steel to merge wholly owned subsidiaries with itself

26 Oct 2018 Evaluate

JSW Steel has received an approval for the Scheme of Amalgamation, providing for the merger of its wholly owned subsidiaries, Dolvi Minerals and Metals, Dolvi Coke Projects, JSW Steel Processing Centres and JSW Steel (Salav) (Transferor Companies) with itself (Transferee Company). The Board of Directors of the company at their meeting held on October 25, 2018, has approved the same.

JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.

Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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