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JSW Steel acquires balance 26.45% stake in JSW Vallabh Tinplate

27 Mar 2021 Evaluate

JSW Steel has completed the acquisition by acquiring the aforesaid balance 26.45 percent of the issued and paid-up share capital of JSW Vallabh Tinplate. With this, JSW Vallabh Tinplate is now a wholly-owned subsidiary of the company. The company’s shareholding in JSW Vallabh Tinplate is 100 percent.

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 1232.35
Tata Steel 178.00
Steel Authority 175.80
Jindal Stainless 742.00
APL Apollo Tubes 2096.95
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