JSW Steel’s subsidiary, Periama Holdings LLC, has successfully acquired the remaining 10% stake in JSW USA’s common stock. Periama Holdings LLC is a wholly-owned subsidiary of JSW Steel, a prominent player in the domestic market. The acquisition was finalized on December 18, 2023, according to US time.
With the completion of this transaction, Periama’s ownership in JSW USA has risen from 90% before the acquisition to 100% after the acquisition. As a result, JSW USA now stands as a wholly-owned subsidiary of Periama and a step-down wholly-owned subsidiary of JSW Steel.
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