NCLT approves amalgamation of three wholly-owned units with JSW Steel
JSWSTEEL · price
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NCLT Mumbai has sanctioned the scheme to merge three wholly-owned subsidiaries of JSW Steel: Amba River Coke (coke and pellet), Monnet Cement (no operations), and JSW Retail and Distribution (steel marketing) into the company. The board first approved the scheme on October 17, 2025. Appointed date is April 1, 2026. Since all three are wholly-owned, no new JSW Steel shares will be issued. The merger becomes effective once the certified NCLT order is filed with the Registrar of Companies.
Streamlines JSW Steel group structure by absorbing three fully-owned units. No share dilution. Awaiting effective date filing with ROC.