JSW Steel announced on March 26 that it has further extended the long stop date for its proposed acquisition of a 92.19% equity stake and shareholder loans in Mozambique-based Minas de Revuboe Limitada through its wholly owned subsidiary, JSW Natural Resources Limited. The new long stop date is now July 31, 2025, with a provision to extend it further to November 30, 2025, as per rights under the amended transaction agreements.
The company had initially disclosed the transaction on May 17, 2024, and later extended the deadline to June 30, 2025, as per a prior filing on January 28, 2025. This latest update reflects a further amendment to the transaction documents, including the Quotas Sale Agreement and Assignment of Contractual Position Agreement.
JSW Steel clarified that this disclosure is made in compliance with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements.
