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JSW Steel’s arm to sell 39% stake in JV company

30 Dec 2019 Evaluate

JSW Steel’s wholly owned subsidiary -- JSW Steel (Netherlands) BV, has entered into an agreement for selling 39% out of its 49% stake held in Geo Steel LLC, a Joint Venture (JV) based in Georgia, to its JV partner - Georgian Steel Group Holdings. Post the completion of the aforesaid sale, JSW Steel (Netherlands) BV will continue to hold 10% stake in Geo Steel LLC.

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 746.00
APL Apollo Tubes 2181.05
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