JSW Ispat Special Products has received approval from board of directors for acquisition of 100% of the equity share capital of Mivaan Steels (MSL) to make it a wholly owned subsidiary of the Company. The objective of the acquisition of the entity is to enable/ implement the transfer of the Specified Undertaking of the Company by way of the proposed Scheme.
The share will be acquired at their par value of Rs 10 per share, aggregating to Rs 80,000. Mivaan Steels is yet to commence operations. The Board of Directors of the Company at its meeting held on February 16, 2022 has approved the same.
JSW Ispat Special Products manufactures metal products. The company offers sponge iron, steel, and ferro alloys.
