The structure JSW Steel (JSW) uses to complete its acquisition of debt-ridden Bhushan Power & Steel (Bhushan Power) will determine the impact on its financials.
Tata Steel and JSW have successfully snapped up some of the big steel assets on offer. Tata Steel acquired Bhushan Steel using its own balance-sheet but JSW Steel joined hands with Aion Capital to acquire Monnet Ispat & Energy (Monnet). Will JSW do a repeat is a question investors will be wondering. The answer is not an unequivocal yes.
In Monnet, JSW owns an effective stake of 23.1 percent. That stake is accounted under the equity method, meaning only a portion of Monnet’s profit or loss will reflect in JSW’s earnings. Read More
Latest posts by Moneycontrol.com (see all)
- Railways to invite PE, pension fund players for Rs 1-trillion station redevelopment plan: Report - July 19, 2019
- West Bengal failed to take initiative to create Green Energy Fund: CAG - July 18, 2019
- Railways plans to invest in infrastructure to reduce travel time of Mumbai, Howrah Rajdhani trains - July 18, 2019