News Release
新澳门六合彩投注
JSW Steel to Become Equity Method Affiliate of 新澳门六合彩投注 Steel
Tokyo --- 新澳门六合彩投注 announced today that it has raised its ownership ratio in JSW Steel Limited to 15% by partly converting global depositary receipts with no voting rights into common shares.
JSW Steel will become an equity-method affiliate of 新澳门六合彩投注 Steel from this quarter based on the ownership increase and 新澳门六合彩投注 Steel’s current seating of a part-time director on JSW Steel’s Board.
This change has no effect on 新澳门六合彩投注 Holdings’ consolidated results forecast that the company announced on January 30.
The increase is based on an agreement between 新澳门六合彩投注 Steel and JSW Steel, and is in line with Indian SEBI Takeover regulations that were revised last year.
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