JSW Steel on Friday completed the acquisition of the balance 26.45% stake of JSW Vallabh Tinplate Private Limited.
With that, JSW Vallabh Tinplate is now a wholly-owned subsidiary of the Company.
JSW Steel’s shareholding in JSW Vallabh is now 100%.
Last year, in November, JSW Steel entered into a legally binding share purchase agreement to acquire, in one or more tranches, 1,32,37,227 equity shares of Rs10 each, representing 26.45% of the issued and paid-up share capital of JSW Vallabh.
On Sensex, JSW Steel ended at Rs444.95 per piece up by 1.58%.
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( With inputs from indiainfoline)