The company has merged Dolvi Minerals and Metals with Dolvi Coke, JSW Steel Processing Centres with JSW Steel, JSW Salav with JSW Steel.Piombino Steel has now become a wholly-owned subsidiary of the company
It has completed the transaction and acquired by itself and through its nominees, 10,000 equity shares of Rs10/each, comprising the entire issued and paid-up equity share capital of Piombino Steel Limited from JSW Techno Projects Management Limited.
The steelmaker is examining a proposal by the UK firm’s liquidation advisor EY, but is yet to make an offer.JSW is unlikely to make a bid for all the assets of British Steel and may cherrypick a few, analysts say
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