JSW plans to sell 50% stake in Bhushan Power
after close1 source ↓written by the desknot a recommendation
- in Bhushan Power
- 50% stake
- valued
- ₹15,000 – 16,000 cr
JSW Steel is considering selling a 50% stake in Bhushan Power and Steel, valued at ₹15,000 – 16,000 cr. JFE Steel Corp is the leading candidate for this acquisition. The deal follows a Supreme Court ruling that cleared the resolution plan for Bhushan Power, which had been pending since May. Completion is expected by December.
Not investment advice. For informational purposes only.