JSW Steel’s wholly owned subsidiary, JSW Natural Resources Limited, has successfully completed the acquisition of a 92.19% equity stake and shareholders loans in Minas de Revuboe Limitada. The transaction, valued at USD 74.24 million, was finalised on March 25, 2026, with the funds being transferred to designated escrow accounts as per the definitive agreements.
This acquisition is part of JSW Steel‘s strategic expansion plans, as previously communicated in updates dated May 17, 2024, January 28, 2025, and March 26, 2025. The transaction aims to enhance the company’s resource base and strengthen its position in the global market.
The company has ensured compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, by making this disclosure available on its website. This move aligns with JSW Steel’s commitment to maintaining transparency and keeping stakeholders informed about significant corporate developments.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).