JSW Steel’s arm concludes sale of 39% stake in Georgian JV firm

JSW Steel Ltd. | Steel & Iron Products | Metals & Mining | BSE: 500228 | NSE: JSWSTEEL

30 Jan 2020 Evaluate

JSW Steel’s wholly-owned subsidiary -- JSW Steel (Netherlands) B.V has completed the sale of 39 per cent stake held in Geo Steel LLC to Georgian Steel Group Holdings. The company had entered into an agreement for selling 39 per cent of its 49 per cent stake in Georgia-based Geo Steel LLC to its joint venture partner Georgian Steel Group Holdings. The company continues to hold 10 per cent 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.

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Company Name	CMP
JSW Steel	1230.00
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