JSW Infrastructure has received approval from the Board of Directors for acquisition of 100% shares of JSW Overseas FZE (JSW Overseas) from JSW Terminal (Middle East) FZE, at book value, for total consideration of Rs 19.21 lakh (78446 AED (United Arab Emirates Dirham)). JSW Overseas is a step-down wholly owned subsidiary of the Company and post this acquisition, JSW Overseas will become a direct wholly owned subsidiary of the Company.
The proposed acquisition is aimed towards achieving administrative and operational convenience. The acquisition will be completed within 60 days from the date of receipt of necessary approval under applicable laws of India and UAE.
JSW Infrastructure is part of the JSW Group, a multinational conglomerate with an international portfolio of diversified assets across various sectors, including steel, energy, infrastructure, cement, paints, venture capital, and sports.
| Company Name | CMP |
|---|---|
| Adani Ports &Special | 1549.45 |
| JSW Infrastructure | 272.85 |
| Gujarat Pipavav Port | 157.35 |
| Paradeep Parivahan | 143.95 |
| View more.. | |
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