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JSW Steel Open for Taking Partner for BPSL-2020 China(Guangzhou) Int’l Laser Equipment and Sheet Metal Industry Exhibition
1/3/2020 钣金展-激光展- Laser expo, Sheet Metal Industry expo |
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The Telegraph reported that JSW Steel is looking for a partner to own and operate Bhushan Power & Steel Ltd once India’s judiciary approves the company’s resolution plan submitted under the bankruptcy process. JSW is open to a similar structure that it had forged with private equity partner AION Capital Partners to take over Monnet Ispat Ltd, also through the insolvency process. JSW Steel Joint MD and group CFO Mr Seshagiri Rao expects that there would be interest from potential partners for BPSL. He said “We are open to a similar structure, not necessarily the same.”
While acquiring Monnet, which at Rs 2,875 crore is a much smaller buy than BPSL, JSW took an effective stake of 23.1 per cent, where the majority is held by AION.
钣金展-激光展-2020年第二十一届广州国际激光设备及钣金工业展
-2020
China(Guangzhou) Int’l Laser Equipment and Sheet Metal Industry Exhibition
-Sheet metal exhibition, Sheet metal expo,
2020 Sheet metal exhibition, 2020 Sheet metal expo, China Sheet metal
exhibition, China Sheet metal expo, Laser Equipment exhibition, Laser Equipment
expo, 2020 Laser Equipment exhibition, 2020 Laser Equipment expo, Laser exhibition, Laser expo
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