Acquisitions25 Mar 2026, 08:31 pm
JSW Steel Ltd Completes Acquisition of 92.19% Stake in Minas de Revuboe Limitada for USD 74.24 Million
AI Summary
JSW Steel Ltd, through its wholly owned subsidiary JSW Natural Resources Limited, has completed the acquisition of 92.19% equity stake and shareholders loans of Minas de Revuboe Limitada. This was done in accordance with definitive agreements and an amount of USD 74.24 million was transferred to designated escrow accounts. This transaction was finalized on March 25, 2026.
Key Highlights
- JSW Steel Ltd completes acquisition of 92.19% equity stake in Minas de Revuboe Limitada
- Transaction value is USD 74.24 million
- Acquisition includes shareholders loans of Minas de Revuboe Limitada
- Completion of transaction on March 25, 2026
- Transaction in accordance with definitive agreements