JSWINFRA

– Corporate Update

has received approval from its Board of Directors to acquire 100% equity shares of JSW Overseas FZE from JSW Terminal (Middle East) FZE at book value, for a total consideration of Rs 19.21 lakh (AED 78,446). JSW Overseas is currently a step-down wholly owned subsidiary of the company. Post completion of the transaction, it will become a direct wholly owned subsidiary of JSW Infrastructure. The proposed acquisition is intended to bring administrative and operational convenience, with no material financial impact on the company. The transaction is expected to be completed within 60 days, subject to receipt of necessary approvals under applicable laws in India and the UAE. JSW Infrastructure is part of the JSW Group, a diversified multinational conglomerate with presence across steel, energy, infrastructure, cement, paints, venture capital, and sports, and a growing international footprint.