Through both off and on market transactions, 10 promoter group companies of JSW Ispat Steel offloaded 6.38 per cent stake in the firm for Rs 174.47 crore, according to a communication to the stock exchange. All the 10 promoter firms belong to Pramod and Vinod Mittal or their families, which held less than 20 per cent
Tag: merger
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JSW Steel to benefit from merger of JSW Ispat
JSW Steel Chairman Sajjan Jindal expects a lot of synergy in operation and economies of scale from the merger of JSW Ispat with itself. The company could implement brown-field expansion at Vijayanagar in Karnataka and Dolvi in Maharashtra, Jindal said
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Housing finance arm may be merged with Indian Bank
Media reports suggest that Ind Bank Housing, the housing finance subsidiary of Indian Bank, may be merged with the parent company by the end of 2012-13, if all regulatory approvals fall into place. Indian Bank wants to merge its housing finance arm because it would help bolster the bankÂ’s retail book, bringing specialist home finance employees, and also as it wo
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