JSW Steel has entered into a legally binding share purchase agreement to acquire, in one or more tranches, 1,32,37,227 equity shares of Rs 10 each, representing 26.45% of the issued and paid-up share capital of JSW Vallabh Tinplate from the existing third party shareholders of JSW Vallabh Tinplate. The closing of the transaction is subject to customary closing conditions.
Pursuant to the said, JSW Vallabh Tinplate shall, on closing of the transaction, become a wholly owned subsidiary of the company, with the company’s direct and indirect (through its wholly owned subsidiary Vardhman Industries) shareholding in JSW Vallabh Tinplate increasing from 73.55% to 100%.
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.
| Company Name | CMP |
|---|---|
| Tata Steel | 190.40 |
| JSW Steel | 1244.60 |
| Steel Authority | 173.25 |
| Jindal Stainless | 694.80 |
| APL Apollo Tubes | 1806.40 |
| View more.. | |
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