Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
23 October, 2018 19:36 IST
JSW Steel completes acquisition of 83% stake in Acero Junction Holdings
Source: IRIS | 14 Jun, 2018, 12.43PM
Comments  |  Post Comment

JSW Steel, an integrated steel manufacturer, 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 USD 182.41 million, with equity value of USD 80.85 million and liabilities of USD 101.56 million.

Shares of the company declined Rs 4, or 1.17%, to trade at Rs 337.20. The total volume of shares traded was 62,473 at the BSE (12.31 p.m., Thursday).





JSW Steel Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Zydus receives USFDA's final approval for Clobazam tablets - 23-Oct-2018 15:01
Ahluwalia Contracts wins new orders of worth Rs 5.38 bn - 23-Oct-2018 11:58
PNB Housing Finance raises Rs 17.75 bn through commercial papers - 23-Oct-2018 10:22
White Organic Agro bags additional orders from Innovative Cuisine - 23-Oct-2018 10:16
Himachal Futuristic Communications secures order worth Rs 3.66 bn - 23-Oct-2018 10:07
Lupin gets nod for generic Triamcinolone Acetonide ointment - 23-Oct-2018 10:00
ITD Cementation India bags orders worth Rs 10.66 bn - 23-Oct-2018 09:35
Biocon, Mylan announce positive CHMP Opinion for Ogivri - 22-Oct-2018 10:28
Lupin announces positive CHMP opinion for NaMuscla - 22-Oct-2018 09:51
Tejas Networks bags Rs 1.11 bn order from Sterlite Technologies - 22-Oct-2018 09:45
Alembic Pharma' JV completes USFDA inspection of Karakhadi unit - 22-Oct-2018 09:41
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer