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30 May
14:32

JSW board approves CSSL, JISPL amalgamation

JSW Steel’s board of directors has approved the amalgamation of Creixent Special Steels (CSSL) and JSW Ispat Special Products (JISPL) with and into JSW Steel. The move is subject to approval from shareholders, creditors, stock exchanges, the Security and Exchange Board of India, National Company Law Tribunal and other regulatory bodies, Kallanish notes. The steel company expects the amalgamation to bring synergies to the business, resulting in the reduc…
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