Tuesday, December 21, 2010

JSW Steel to buy 84% stake in Ispat Industries


JSW Steel Ltd. plans to buy an 84-percent stake in Ispat Industries for $476 million to expand capacity in the country. The company will subscribe about 1.09 billion shares via preferential allotment at a price of Rs 19.85 per share

Ispat is controlled by Pramod and Vinod Mittal, the brothers Lakshmi Mittal, who heads the world's largest steelmaker Arcelor Mittal
at Tuesday, December 21, 2010
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