Home » amalgamation

Tag: amalgamation

Post
Crude steel output of JSW rises 40% in May

Crude steel output of JSW rises 40% in May

In May 2013, crude steel output of JSW Steel rose 40 per cent to 10 lakh tonne after the amalgamation of its subsidiaries with itself. It may be noted that the Bombay High Court recently cleared the companyÂ’s composite scheme of amalgamation and arrangement with JSW Ispat Steel, JSW Building System and JSW Steel Coated Products. The production numbers for May 2012 did not include the production of Dolvi (of JSW Ispat Steel in Maharashtra) unit as the appointed date for the scheme was

Post
JSW Steel-Ispat merger clears legal hurdle

JSW Steel-Ispat merger clears legal hurdle

On May 3, 2013, the Bombay High Court cleared the Composite Scheme of Amalgamation and Arrangement between JSW Steel and JSW Ispat Steel, both the firms informed the Bombay Stock Exchange (BSE). Post-merger, promoters of JSW Steel will hold 35.12 per cent in the merged entity, while company's second largest shareholder JFE Steel holding will come down to 14.9

Post
JSW Steel, JSW Ispat convene shareholders meet

JSW Steel, JSW Ispat convene shareholders meet

Following the directive by the Bombay High Court, JSW Ispat and JSW Steel convened a separate shareholder meetings in Mumbai to seek their approval for the proposed merger of both these firms. According to the merger proposal, every 72 shares of JSW Ispat would be exchanged for one equity share of JSW Steel. Institutional Investor Advisory Services advised shar