In an exchange filing, the Indian steelmaker said the board approved the acquisition of 100 per cent equity interest in tkES India jointly with JFE Steel Corporation. It would be through a 50:50 joint venture and the licensing/transfer of associated technology package relating to the operations of tkES India.
The transaction is being executed by Jsquare, a wholly-owned subsidiary of JSW JFE Electrical Steel Private Limited (J2ES). JSW Steel has a 50 per cent equity interest in J2ES.
This story is from the October 19, 2024 edition of Business Standard.
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This story is from the October 19, 2024 edition of Business Standard.
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