John Cockerill India Allots CCPS for Metals International Acquisition

John Cockerill India Limited has approved the allotment of 35,185 Non-Cumulative Compulsory Convertible Preference Shares (CCPS) on a preferential basis to John Cockerill SA (JCSA). This allotment, valued at ₹2,04,17,36,291 (₹204.17 Crore), is towards the acquisition of 79.44% of John Cockerill Metals International SA, Belgium. The CCPS are unlisted and will be compulsorily convertible into equity shares under specific conditions. This transaction represents a significant step in the company's strategic growth and consolidation.