JSW Steel (JSWSTEEL) — Corporate Action

JSW Steel's Board approved a scheme to merge three wholly owned subsidiaries—Amba River Coke Limited (₹3,943 crores revenue), Monnet Cement Limited, and JSW Retail Distribution Limited—into JSW Steel effective April 1, 2026. The consolidation aims to streamline operations, reduce administrative costs, and eliminate redundant compliance across the group. No new shares will be issued; existing subsidiary shareholding will be cancelled. NCLT and shareholder approval required.

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About JSW Steel Limited (JSWSTEEL)

Metals & Mining · Ferrous Metals · Listed on NSE

Market Cap: ₹3,12,724.65 Cr P/E: 41.9 ROE: 9.4% ROCE: 10.2%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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