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JSW Steel to acquire economic interest of up to 66.67% in M Res NSW HCC

12 Aug 2024 Evaluate

JSW Steel has received approval for the acquisition of an economic interest of up to 66.67% in M Res NSW HCC (M Res NSW) by way of subscription to non-voting Class B shares, for an investment of $120 million through the company’s’ wholly owned subsidiary JSW Steel (Netherlands) B.V. The terms of the investment require the company to further invest $50 million in M Res NSW to fund its obligation towards the deferred consideration payable in 2030. The Board of Directors of the company at its meeting held on August 12, 2024 has approved the same. 

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.


JSW Steel Share Price

1239.90 24.35 (2.00%)
17-Apr-2026 16:59 View Price Chart
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Company Name CMP
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JSW Steel 1239.90
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