JSW Steel Ltd (JSTL.NS)
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MUMBAI India's JSW Steel is looking to acquire smaller steel plants in India and overseas that produce specialized products, a top executive said on Tuesday, as it tweaks its acquisition strategy after missing out on some recent deals.
MUMBAI, July 10 India's JSW Steel is looking to acquire smaller steel plants in India and overseas that produce specialised products, a top executive said on Tuesday, as it tweaks its acquisition strategy after missing out on some recent deals.
BRIEF-JSW Steel's Consortium With AION Investments Identified As Successful Resolution Applicant For Buying Monnet Ispat & Energy
* CONSORTIUM OF CO AND AION INVESTMENTS PRIVATE II IDENTIFIED AS SUCCESSFUL RESOLUTION APPLICANT FOR ACQUISITION OF MONNET ISPAT & ENERGY
April 10 Creditors of India's Monnet Ispat and Energy Ltd have approved a joint bid https://www.bseindia.com/xml-data/corpfiling/AttachLive/25a29273-3b07-426f-90ae-85e03eb9da34.pdf from AION Investments and JSW Steel to take over the bankrupt firm, according to a regulatory filing on Tuesday.
March 29 India's JSW Steel Ltd said on Thursday it agreed to buy Acero Junction Holdings for $80.85 million, as it looks to expand its operations in the United States.
* ENTERS STOCK PURCHASE AGREEMENT WITH JSM INTERNATIONAL, ACERO JUNCTION HOLDINGS AND ACERO JUNCTION INC
* Investment to be completed by March 2020 (Adds details, analyst comment)
MUMBAI Tata Steel has offered to pay a little more than 350 billion rupees ($5.4 billion) to lenders of Bhushan Steel & Power to take over the bankrupt steelmaker, a source with direct knowledge of the deal said.
* Bhushan Steel among 12 big loan defaulters in bankruptcy court (Adds deal value from source, other details)