General Announcement::Agreement to acquire equity shares of Piombino Steel Limited

Issuer & Securities

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

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
06-Jun-2019 21:07:05
Status
New
Announcement Sub Title
Agreement to acquire equity shares of Piombino Steel Limited
Announcement Reference
SG190606OTHRNYK7
Submitted By (Co./ Ind. Name)
JSW Steel Limited
Designation
Company Secretary
Effective Date and Time of the event
06/06/2019 17:00:00
Description (Please provide a detailed description of the event in the box below)
This is to inform you that JSW Steel Limited ( Company ) has agreed to acquire, by itself and through its nominees, 10,000 shares of INR 10/- each, comprising the entire issued and paid-up share capital, of Piombino Steel Limited from JSW Techno Projects Management Limited. Further Piombino Steel Limited shall, by itself and/or through nominees, acquire 8,000 shares of INR 10/- each, comprising the entire issued and paid-up share capital of Makler Private Limited from JSW Techno Projects Management Limited.

Pursuant to the above, Piombino Steel Limited shall become a wholly owned subsidiary of the Company and Makler Private Limited shall become a wholly owned subsidiary of Piombino Steel Limited.

Attachments

disclosure.pdf
Total size =268K