JSW Steel Ltd.

JSW Steel has completed the acquisition of 83% of the shares of Acero Junction Holdings Inc and the remaining 17% are in the process of transfer to the company on making balance payments as per the terms of the SPA.

After giving effect to closing adjustments, the total Enterprise Value of the transaction is $182.41 million, with equity value of $80.85 million and liabilities of $101.56 million.

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.