JSW Steel Ltd has recently made an official announcement in a press release that it has agreed to acquire, by itself and through its nominees, 10,000 shares of INR 10/- each, comprising the entire issued and paid-up share capital, of Piombino Steel Limited from JSW Techno Projects Management Limited. Further Piombino Steel Limited shall, by itself and/or through nominees, acquire 8,000 shares of INR 10/- each, comprising the entire issued and paid-up share capital of Makler Private Limited from JSW Techno Projects Management Limited.
JSW Steel to buy Italy’s Second Largest Steelmaker Aferpi for Rs 600 crore
JSW Steel has received approval from the National Company Law Tribunal (NCLT) for the scheme of amalgamating its four units.
The company has merged Dolvi Minerals and Metals with Dolvi Coke, JSW Steel Processing Centres with JSW Steel, JSW Salav with JSW Steel.
JSW Steel acquires Ohio-based U.S. Steel Maker for 81 Million Dollar
Pursuant to the above, Piombino Steel Limited shall become a wholly owned subsidiary of the Company and Makler Private Limited shall become a wholly owned subsidiary of Piombino Steel Limited.