JSW Steel acquires 100% stake in Saffron Resources
JSW Steel Limited has acquired Saffron Resources Private Limited for an enterprise value of ₹679.34 crore. Saffron Resources owns 887 acres in Odisha, crucial for JSW Steel's future expansion. The all-cash deal, with no governmental approvals needed, is expected to close within 60 days. This acquisition is not a related-party transaction.