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JSW Steel completes acquisition of 100% equity interest in Saffron

04 Dec 2025 Evaluate

JSW Steel has completed the acquisition of 100% equity interest in Saffron Resources (Saffron) on December 3, 2025, in accordance with the Share Purchase Agreement as amended from time to time. Consequently, Saffron has now become a 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.

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 179.10
Steel Authority 174.00
Jindal Stainless 732.40
APL Apollo Tubes 2119.90
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