Announced Fri, 21 Aug · 19:43 IST
Scheme of amalgamation with Piombino Steel approved by shareholders
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
+2.1%1-day move
₹1293.70
prior close
₹1298.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+0.2+0.1+0.2+2.1+3.4+3.1+2.5+1.1+0.9-5.0———
Up moveDown movePending
AI summary
JSW Steel shareholders approved the amalgamation of Piombino Steel Limited into JSW Steel at an NCLT-convened meeting on Aug 21, 2026. 98.59 percent of equity shareholders voted in favor (2,148,288,337 shares), and 97.20 percent of public shareholders backed the scheme. Promoters voted 100 percent in favor. The scheme now awaits final NCLT sanction.
Likely market impact
Positive step toward completing the merger with Piombino Steel; scheme moves to NCLT for final approval.