JSW acquires Bhushan Power & Steel; creditors get Rs19,350 crore1 min read 26 Mar 2021, 07:54 PM IST
BPSL has an integrated steel unit with a capacity of 2.5 million tonnes per annum in Jharsuguda, Orissa
JSW informed that as part of the payment, a sum of ₹8,614 crore in PSL, a subsidiary of the company, was arranged through a mix of equity, optionally convertible instruments and debt
Mumbai: Sajjan Jindal led steelmaker JSW Steel Ltd on Friday said that it has closed the acquisition of bankrupt Bhushan Power & Steel Ltd (BPSL) in a transaction that will see payment of Rs19,350 crore to BPSL's lenders, the company said in a filing to stock exchanges.
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