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JSW Ispat Special Products inks pact to sell entire stake in Monnet Ecomaister Enviro

12 Aug 2022 Evaluate

JSW Ispat Special Products has entered into a Share Purchase Agreement (SPA) on August 11, 2022 with Navbharat Global Services (Navbharat) for sale and transfer of the entire shareholding of 1,42,11,363 equity shares of Rs 10 each held by the Company in Monnet Ecomaister Enviro ((MEEPL). Consequent to the sale of aforesaid equity shares held by the Company in MEEPL, MEEPL ceases to be a Joint Venture of the Company.

JSW Ispat Special Products manufactures metal products. The company offers sponge iron, steel, and ferro alloys.

Peers
Company Name CMP
JSW Steel 1248.80
Tata Steel 182.85
Steel Authority 173.05
Jindal Stainless 730.75
APL Apollo Tubes 2116.50
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