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JSW Steel’s arm acquires stake in Ayena Innovation

13 Mar 2023 Evaluate

JSW Steel’s wholly owned subsidiary -- JSW Steel Coated Products (JSWSCPL) has completed the acquisition of 31% equity shareholding in Ayena Innovation (Ayena). Earlier, the company had entered into a shareholders agreement and a share subscription agreement with Ayena and its shareholders, inter alia, to acquire 31% equity shareholding in Ayena.

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 1187.00
Tata Steel 167.25
Steel Authority 165.00
Jindal Stainless 688.40
APL Apollo Tubes 2021.00
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