Ispat Industries Latest News: India’s third largest steel producer JSW Steel said today on Dec 21, 2010 that it plans to buy 84-per cent stake of Ispat Industries for Rs 2,157 crore ($476 million) to expand capacity in the country. The Ispat Industries company will subscribe to 1.09 billion shares via preferential allotment at a price of Rs 19.85 per share, it said in a statement.
The company will subscribe to 1.09 billion shares via preferential allotment at a price of Rs 19.85 per share, it said in a statement.
Based on the closing price of Ispat shares on Monday, JSW is buying the
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