JSW Steel clarifies on acquisition of Pawan Hans, says not interested in asset

26 Apr 2022 , 09:20 AM

JSW Steel Ltd stocks in focus on denial of bidding for Pawan Hans. In its press release on Monday, the company clarified on media buzz regarding acquisition of Pawan Hans.

As per the filing, the company said, “It is reported in the Media recently attributing the news to unnamed sources that India’s JSW Steel Limited submitted bid to buy Pawan Hans, which is under consideration by government authorities concerned.

It is hereby denied that JSW Steel Ltd submitted bid for acquisition of Pawan Hans Ltd and the company has no interest in this asset.”

“The media report is baseless and has no substance”, it further added.

On Tuesday at around 9:22 AM, JSW Steel was trading at Rs720.05 apiece up by Rs4.55 or 0.64% from its previous closing of Rs715.50 apiece on the BSE.