John Cockerill India Executes Amended SPA for Metals International Acquisition

John Cockerill India Ltd has executed an Amended Share Purchase Agreement (SPA) for the acquisition of 100% shareholding in John Cockerill Metals International SA, Belgium, from its parent company, John Cockerill SA. The amended agreement modifies the purchase price consideration and payment terms. The total revised purchase price is €24.32 million. The acquisition aims to consolidate the group's metals business, enhance operational synergies, and unlock growth opportunities. The transaction is a related party transaction conducted on an arm's length basis. All necessary regulatory approvals have been obtained, and the Reserve Bank of India's confirmation was received on November 3, 2026. The acquisition involves a cash payment of €5 million and a share swap valued at €19.32 million, with the final completion contingent on the allotment of Non-Cumulative Compulsorily Convertible Preference Shares (CCPS) to the parent company.