JSW Ispat Special Products’ subsidiary -- Monnet Global (MGL) has sold entire equity stake held by it in PT Sarwa Sembada Karya Bumi (PT Sarwa), a subsidiary of MGL to PT Srinata Mahajati Corpora (SMC), a corporation established under laws of Republic of Indonesia. Net consideration received by MGL is $1.075 million. Consequent to the above, PT Sarwa will cease as the subsidiary of MGL and step-down subsidiary of JSW Ispat Special Products.
JSW Ispat Special Products manufactures metal products. The company offers sponge iron, steel, and ferro alloys.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1239.90 |
| SAIL | 173.50 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2105.45 |
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