JSW Steel on Monday announced that its wholly-owned subsidiary JSW Steel Coated Products Limited (JSWSCPL) will complete the acquisition of National Steel and Agro Industries (NSAIL) for a total consideration of 621 crore.
JSW Steel Coated Products, wholly-owned subsidiary, got approval in respect to corporate insolvency resolution process of NSAIL.
JSW Steel Coated Products Limited (JSWSCPL”), a wholly owned subsidiary of JSW Steel Limited (Company”), in respect of the corporate insolvency resolution process of National Steel and Agro Industries Limited (NSAIL”) (the Resolution Plan”) has been approved by the Committee of Creditors of NSAIL and the Honble National Company Law Tribunal, Mumbai Bench (NCLT”) respectively in accordan…
Read the full article at: https://www.livemint.com/companies/news/jsw-steel-to-acquire-national-steel-and-agro-industries-for-rs-621-cr-11684765672524.html