General Announcement::Implementation of the Resolution Plan of Asian Colour Coated Ispat Limited under IBC

Issuer & Securities

Issuer/ Manager
JSW STEEL LIMITED
Securities
JSWSTEELUS$500M5.95%N240418 - XS1981202861 - VA4B
JSWSTEELUS$400M5.375%N250404 - XS2049728004 - OGGB
JSWSTEELUS$500M4.75%N191112 - XS1133588233 - 20PB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
27-Oct-2020 23:19:58
Status
New
Announcement Sub Title
Implementation of the Resolution Plan of Asian Colour Coated Ispat Limited under IBC
Announcement Reference
SG201027OTHRM795
Submitted By (Co./ Ind. Name)
JSW STEEL LIMITED
Designation
Company Secretary
Effective Date and Time of the event
27/10/2020 20:45:00
Description (Please provide a detailed description of the event in the box below)
We refer to our earlier intimation dated October 19, 2020, wherein we had informed you that the National Company Law Tribunal at New Delhi ( NCLT ), on October 19, 2020, has approved under Section 31 of the Insolvency and Bankruptcy Code, 2016, as amended, the resolution plan submitted by JSW Steel Coated Products Limited ( JSWSCPL ), a wholly owned subsidiary of JSW Steel Limited ("JSW Steel"/ the "Company"), for Asian Colour Coated Ispat Limited ("ACCIL") with certain modifications (the resolution plan as modified and approved, "Resolution Plan"). The written order in respect of the same has been received on October 26, 2020. Pursuant to the said order approving the Resolution Plan, the Company has completed the acquisition of ACCIL through JSWCPL . Details are attached.

Attachments

ACCILSEIntimation.pdf
Total size =724K