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News State Bank of India acquires JSW Cement minority stake for US$13.2m

State Bank of India acquires JSW Cement minority stake for US$13.2m

Written by Global Cement staff 22 December 2021
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India: State Bank of India (SBI) has acquired a minority stake in JSW Cement with worth US$13.2m. The bank acquired the stake as compulsorily convertible preference shares. JSW Cement plans to add the capital infusion to its on-going investments in a planned 79% expansion of its total capacity to 25Mt from 14Mt.

Last modified on 22 December 2021
Published in Global Cement News
Tagged under
  • India
  • State Bank of India
  • JSW Cement
  • GCW537
  • corporate
  • Acquisition
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