JSW Steel is all set to acquire controlling stake in Ispat Industries. The deal valued at USD 3 billion and will make JSW, India's largest steel producer with a combined capacity of 14.3 mtpa by March 2011.Sajjan Jindal has acquired the majority share whereas the present management shall hold 26 % shares of Ispat Industries. I have invested in Ispat profile Ltd of which Ispat Industries are the promoters and which has Bean delisted both at NSE/BSE. Whether with the present merger the shareholders of Ispat profile shall also benefit and whether the shares of Ispat Profile Ltd are going to be relisted. Awaiting eagerly.
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