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SC strikes down JSW Steel’s Bhushan Power deal over funding structure and delays, orders liquidation
The decision puts an end to a years-long acquisition saga that began in 2021, when JSW Steel acquired a 49% stake in BPSL ...
JSW shares slumped 5.02 per cent intraday to Rs 967.80 on the NSE following the verdict. The company had acquired a majority ...
As part of funding the acquisition, JSW Steel is expected to raise about ₹3,000 crore later this week, sources said. The lenders of BPSL agreed to the company’s plan to deposit the money even ...
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ED hands over BPSL’s assets worth Rs 4k crore to JSWNEW DELHI: The Directorate of Enforcement (ED) handed over Bhushan Power and Steel Ltd (BPSL’s) assets worth Rs 4,025 crore to JSW, which successfully bid for BPSL under the insolvency ...
However, the consolidated figures exceeded forecasts due to stronger-than-anticipated performance from Indian subsidiaries, including Bhushan Power and Steel Limited (BPSL) and JSW Coated Products ...
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