Announced Thu, 30 Jul · 22:57 IST
JSW Steel shareholders meet Aug 21 to vote on Piombino Steel amalgamation
JSWSTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹1268.50
prior close
₹1276.40
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1-0.1-0.5-0.3+0.9+2.5+4.8+3.1+2.3+0.7+2.0———
Up moveDown movePending
AI summary
JSW Steel has called an NCLT-ordered equity shareholders meeting on August 21, 2026 to approve the proposed amalgamation of Piombino Steel Limited (its subsidiary) with JSW Steel. Piombino holds the investment in Bhushan Power and Steel. Meeting will be held via video conferencing. Remote e-voting runs August 18-20. Share exchange ratio was jointly valued by KPMG and PwC, with Axis Capital giving the fairness opinion.
Likely market impact
Shareholders vote August 18-20 to approve the merger. If cleared, Piombino merges into JSW Steel, consolidating BPSL stake directly under the listed parent.