CCI approves merger of Bhushan Power and Steel with JSW
after close1 source ↓written by the desknot a recommendation
- between
- 50:50 joint venture
The CCI has approved the merger between Bhushan Power and Steel and JSW Steel, involving the transfer of BPSL’s steel business to JSW Sambalpur. This transaction will create a 50:50 joint venture between JSW Steel and JFE Steel, enhancing their operational footprint in the steel sector. ⚙️
Not investment advice. For informational purposes only.