InvestorQ : Why has SBI acquired JSW Cement and what is the synergy?
Tisha Malhotra made post

Why has SBI acquired JSW Cement and what is the synergy?

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Aashna Tripathi answered.
5 months ago
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SBI acquired a minority stake in JSW Cement, part of the JSW group, for Rs.100 crore. This investment was done via compulsorily convertible preference shares or CCPS. Conversion of CCPS into equity is linked to future business performance of JSW Cement. This capital infusion will help JSW Cement expand its cement capacity from 14 MTPA to 25 MTPA. JSW will also leverage the experience and expertise of SBI.

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