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25 June, 2018 19:01 IST
JSW Steel completes acquisition of 83% stake in Acero Junction Holdings
Source: IRIS | 14 Jun, 2018, 12.43PM
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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)*

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