JSW Infrastructure Limited Executes Share Purchase Agreement for 100% Stake in JSW Overseas FZE
JSW Infrastructure Limited has executed a Share Purchase Agreement (SPA) aimed at acquiring the entirety of the share capital of JSW Overseas FZE. The transaction involves JSW Infrastructure, JSW Terminal (Middle East) FZE, and JSW Overseas FZE.The company confirmed that it signed the SPA with JSW Terminal and JSW Overseas to acquire 100% of the shares held by JSW Terminal in JSW Overseas from JSW Overseas FZE.
JSW Infrastructure noted that the acquisition is conditional upon receiving all necessary approvals from relevant authorities under the applicable laws of India and the UAE.
The transaction carries strategic importance for the company structure. Upon the successful completion of the contemplated SPA, JSW Overseas, which is currently a step-down wholly owned subsidiary, will transition into becoming a direct wholly owned subsidiary of JSW Infrastructure Limited.
JSWINFRA Stock Price Movement
On Friday, shares of JSW Infrastructure Limited edged higher, gaining 2.08% and closing at ₹335.70. The stock saw robust activity in the session, with a volume of 1.45 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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