LIVE MARKET TRACKER :   BSE SENSEX   32370.04      |    NSE NIFTY 10121.90    
GLOBAL MARKETS :  NASDAQ 6424.8594   -0.4830%    |    FSI London 7271.47   -0.01%    |    NIKKEI Japan 20347.48   +0.18%
  USD GBP EUR CAD AUD INR
USD - 0.7403 0.8387 1.2343 1.2617 64.8150
GBP 1.3512 - 1.1335 1.6677 1.7047 87.4387
EUR 1.1922 0.8824 - 1.4715 1.5040 77.1390
CAD 0.8103 0.6001 0.6797 - 1.0226 52.4460
AUD 0.7927 0.5868 0.6650 0.9784 - 51.4200
INR 0.0154 0.0115 0.0130 0.0191 0.0195 -
Indian-Commodity  :  Corporate  :  JSW Steel executes a share purchase agreement with Praxair India

JSW Steel executes a share purchase agreement with Praxair India (16-Aug-2016)

JSW Steel has executed a Share Purchase Agreement with Praxair India to acquire their entire shareholding of 74% in JSW Praxair Oxygen (JPOPL) for a cash consideration of Rs 240 crore. The company currently holds 26 percent of the equity shares of JPOPL and post the aforesaid acquisition, JPOPL would become a wholly owned subsidiary of JSW Steel.

JPOPL is engaged in the business of production and sale of industrial gases such as oxygen, nitrogen and argon and has set up two air separation plants, each with a capacity of 2500 tonnes per day, at Toranagallu, Bellary District in Karnataka JSW Steel currently sources industrial gases from JPOPL amongst others at prices based on long term contracts.

The said acquisition is strategic in nature as it will provide the Company the benefit of backward integration of this critical input. Deloitte Touche Tohmatsu India LLP and Bharucha & Partners, Advocates and Solicitors carried out financial and legal due diligence respectively for the Company.


Top News Today
Smartlink Network makes investment of Rs 1.38 crore in Telesmart SCS
(21-Sep-2017)

Smartlink Network makes investment of Rs 1.38 crore in Telesmart SCSSmartlink Network Systems has made an investment of Rs 1.38 crore in its subsidiary, namely Telesmart SCS (hereinafter called as Telesmart) on September 20, 2017 towards the subscription amount towards......click on news to read complete article.

SBI planning to hire merchant bankers for sale of non-core assets: Report
(21-Sep-2017)

SBI planning to hire merchant bankers for sale of non-core assets: ReportState Bank of India (SBI) is reportedly looking to hire merchant bankers for the sale of its non-core investments in order to try and boost its capital base. The bank has investments in stock exchanges,......click on news to read complete article.

ITD Cementation gets nod to raise funds up to Rs 350 crore
(21-Sep-2017)

ITD Cementation gets nod to raise funds up to Rs 350 croreITD Cementation India has received an approval for raising of funds by way of issue of equity shares or financial instruments convertible into equity shares including warrants or securities convertible......click on news to read complete article.

International Stock News
US markets closed mostly higher; Nasdaq report minor loss
(21-Sep-2017)

US markets closed mostly higher; Nasdaq report minor lossThe US markets closed mostly higher on Wednesday, with the Dow industrials and the S&P 500 carving out fresh all-time highs, as the Federal Reserve announced that, for the first time in nine years,......click on news to read complete article.

US markets closed higher ahead of Fed meeting outcome
(20-Sep-2017)

US markets closed higher ahead of Fed meeting outcomeThe US markets closed higher on Tuesday, with all three main US stock indexes ending at all-time highs, as Federal Reserve policy makers began a two-day policy meeting in which they're expected to finalize......click on news to read complete article.

US markets closed higher on Monday
(19-Sep-2017)

US markets closed higher on MondayThe US markets closed higher on Monday, with the Dow notching its 40th record close of the year as investors piled into financials and materials shares. US Secretary of State Rex Tillerson said that US......click on news to read complete article.

 

     
  
Recent Corporate News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.