JSW Steel’s wholly owned subsidiary -- Periama Holdings LLC (Periama) has on December 18, 2023 completed the acquisition by purchase of the remaining 10% stake in the Common stock of JSW Steel (USA) Inc (JSW USA).
Consequent to completion of this acquisition, Periama’s shareholding in JSW USA has increased from 90% (pre-acquisition) to 100% (post-acquisition) and JSW USA has become a Wholly Owned Subsidiary of Periama and a step down wholly owned subsidiary of the Company.
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.
