Mumbai, Jun 7(UNI) JSW Steel Limited has agreed to acquire by itself and through its nominees, 10,000 shares of Rs 10 each, comprising the entire issued and paid-up share capital, of Piombino Steel Limited from JSW Techno Projects Management Limited.
Piombino Steel Limited shall by itself and/or through nominees, acquire 8,000 shares of Rs 10 each, comprising the entire issued and paid-up share capital of Makler Private Limited from JSW Techno Projects Management Limited, company said in a filing with BSE.
Indicative time for the completion of the acquisition is June 30, 2019 .
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.
UNI JS NV SV 1318