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JSWSTEELNSEJSW Steel Limited· Ferrous MetalsHighNeutral
Announced Fri, 3 Jul, 2026 · 10:47 IST

NCLT approves merger of three JSW Steel units into parent

Nclt Scheme FiledStrategic Transactions View source PDFExplain this filing

JSWSTEEL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+0.7%Reaction day
₹1223.40
prior close
₹1235.40
announcement price
In-mkt
timing
Nifty 100market+0.3%+0.4% vs market
Iron & Steel peers, median of 10sector+0.7%-0.0% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty 100 and in line with its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
Stock
5m
-0.1
10m
-0.1
15m
-0.0
30m
-0.2
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
+0.7+0.3+0.4+0.7-0.0
Next day
+1.5+0.9+0.6+0.6+1.0
2d
+1.2+0.7+0.5-1.3+2.5
3d
+0.1-1.4+1.5-3.1+3.2
4d
+0.2-1.0+1.2-0.9+1.1
5d
+1.8+0.1+1.7-0.5+2.3
1w
+2.0-0.6+2.5-1.2+3.2
15d
+1.4-1.5+3.0-2.0+3.4
1m
+4.6+2.6+2.1+1.8+2.9
2m
+6.1-0.9+7.0+1.9+4.2
3m
+1.0-6.3+7.3-2.8+3.7
UpDownMarket · Nifty 100Sector · Iron & Steel peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLT Mumbai sanctioned JSW Steel's scheme to merge three wholly-owned subsidiaries - Amba River Coke, Monnet Cement, and JSW Retail and Distribution - into itself. Order pronounced July 2, 2026 with appointed date of April 1, 2026. No new shares will be issued since all three are fully owned by JSW Steel. The merger aims to simplify group structure, cut costs, and improve operational efficiency. Scheme becomes effective after filing with the Registrar of Companies.

Likely market impact

Aids operational efficiency and simplifies group structure. No share dilution since subsidiaries are fully owned. Awaiting ROC filing for effective date.