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JSW Steel secures NCLT approval for subsidiary merger

pre-market1 source ↓written by the desknot a recommendation

effective
1 Apr 2026

JSW Steel Limited has received NCLT approval to merge three subsidiaries: Amba River Coke Limited (ARCL), Monnet Cement Limited (MCL), and JSW Retail and Distribution Limited (JRDL). The scheme, effective from 1 Apr 2026, aims to enhance operational efficiency and reduce costs by consolidating wholly owned entities. No new shares will be issued as part of this merger.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 5 Jul 2026, 07:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

JSWSTEEL closed +1.1% on the day of the news, from ₹1,230.20 to ₹1,243.20; Nifty +0.7% over the same session; futures OI −0.8%.

Bulletin at 07:04 IST on 5 Jul 2026. Every change is measured from ₹1,230.20, the last close before it, on 3 Jul. Nifty 50 is measured over the same sessions.

  • JSWSTEEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
JSWSTEEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it112312301337axis spans 19%before the news · 3 Jul1230Nifty 50JSWSTEELbulletinD0+1+3+529 Jun9 Jul20 JulFutures open interest, lotspeak 67,000Reference close ₹1,230.20. 16 sessions from 29 Jun to 20 Jul; the price axis spans 19 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before3 Jul₹1,230.20basebase
On the day6 Jul₹1,243.20▲ +1.1%▲ +0.7%+0.4 pp difference
+1 session7 Jul₹1,246.40▲ +1.3%▲ +0.5%+0.8 pp difference
+3 sessions9 Jul₹1,225.80▼ −0.4%▼ −1.3%+0.9 pp difference
+5 sessions13 Jul₹1,237.40▲ +0.6%▼ −0.3%+0.8 pp difference
Gap at the open, % · ₹
0.0%−0.25 on 6 Jul
Day's range, % · ₹
1.6%≈ 19 high to low
Volume on the day
0.73×the 20-session average
Futures OI on the day
▼ −0.8%−570 lots · short covering · price +1.1%
Futures OI open, lots
67,0006 Jul · 28 Jul expiry
Futures premium, ₹
−4.40−0.3% to spot
Puts per call, by OI
0.84from 0.76 the session before
Max pain
1,240from 1,230 the session before

Source NSE UDiFF bhavcopy · JSWSTEEL on the desk →

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