State Bank of India acquired minority stake in JSW Cement for INR 100 crore
State Bank of India(SBI) acquired a minority stake (less than 50 percent) in JSW Cement Limited for an investment of INR 100 crore through Compulsory Convertible Preference Shares (CCPS). The public sector bank has invested in the company, a part of the $13 billion JSW Group, via compulsorily convertible preference shares (CCPS). The conversion of such CCPS into common equity will be […]
State Bank of India acquired minority stake in JSW Cement for INR 100 crore Read More »