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JSW Steel completes acquisition of 83 pc stake in Acero Junction Holdings

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Mumbai | Thursday, Jun 14 2018 IST
JSW Steel, an integrated steel manufacturer, has completed the acquisition of 83 per cent of the shares of Acero Junction Holdings Inc and the remaining 17 per cent are in the process of transfer to the company on making balance payments as per the terms of the SPA.

After giving effect to closing adjustments, the total Enterprise Value of the transaction is USD 182.41 million, with equity value of USD 80.85 million and liabilities of USD 101.56 million, the company said in filing with BSE.

UNI JS SB 1443

-- (UNI) -- C-1-DL0169-1402422.Xml

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