Announced Sat, 22 Aug · 20:41 IST
JSW Infra signs SPA to acquire 100% stake in JSW Overseas FZE
JSWINFRA · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
JSW Infrastructure has signed a Share Purchase Agreement to acquire 100% shares of JSW Overseas FZE from JSW Terminal (Middle East) FZE. JSW Overseas is currently a step-down wholly owned subsidiary and will become a direct wholly owned subsidiary of JSW Infrastructure after the deal closes. The transaction is subject to approvals from authorities under Indian and UAE laws.
Likely market impact
Internal restructuring; JSW Overseas to become a direct wholly owned subsidiary. Awaiting regulatory approvals from India and UAE before completion.