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JSW Steel concludes JFE deal, minus West Bengal plant
JFE to invest a minimum of Rs 5,700 crore for 14.99% stake; JSW plans 2 mt cold rolling mill to make auto steel based on JFE technology.
JSW to raise Rs 5,700 cr from JFE stake sale
JSW Steel has proposed to raise at least Rs 5,700 crore from Japans second largest steel maker, JFE Holdings, to give the latter a 14.99 per cent stake in Indias third largest steel maker.
Q: Sajjan Jindal, Vice-Chairman & MD, JSW Steel
Sajjan Jindals JSW Steel will soon have a new strategic investor on its board. So, what would JFE bring to the table other than the Rs 5700-crore cash that will help JSW Steel deleverage its balance sheet? Jindal spoke to Abhineet Kumar & Arijit Barman about the deal dynamics.
‘Karnataka iron ore export ban may tarnish Indias image
The unexpected ban of iron ore exports from Karnataka may tarnish Indias image overseas, said Mr Sajjan Jindal, Vice-Chairman and Managing Director, JSW Steel, at a press meet here on Tuesday to announce its first quarter
JSW Steel structures pricing to changing market conditions
Companies that issued foreign currency convertible bonds with conversion prices that were at a stiff premium to market prices in the bull market of 2006 and 2007 were boxed into a tight corner in 2008, when markets melted
Japans JFE to invest Rs 4,800 cr for 14.99% stake in JSW Steel
In perhaps one of the largest investments in the Indian steel sector, Japanese major JFE Steel Corporation will pick up 14.99 per cent in JSW Steel for Rs 4,800 crore. The deal will provide JFE a foothold in India and help JSW Steel retire some
Stake shield clause in JFE-Jindal deal
Calcutta, July 27: JFE Steel Corporation, the fifth largest global steel maker, will have an "anti-dilution right" over its 14.99 per cent stake in Indias JSW Steel.
