JSW Steel Coated Products to acquire 31% stake in Ayena Innovation

JSW Steel Coated Products to acquire 31% stake in Ayena Innovation

JSW Steel Coated Products Ltd (JSWSCPL), a subsidiary of JSW Steel Limited, has signed a shareholders agreement and share subscription agreement with Ayena Innovation Private Limited and its shareholders. The agreements will allow JSWSCPL to purchase a 31% stake in Ayena. This move is aimed at expanding JSW Steel’s business interests and leveraging Ayena’s innovative and sustainable solutions for the steel industry.

Ayena Innovation Pvt Ltd is a technology company that specializes in the development of innovative and sustainable solutions for the steel industry. The acquisition will give JSW Steel Coated Products Ltd access to Ayena’s cutting-edge technology and expertise, which will help the company to improve its operational efficiency and sustainability

JSW Steel Coated Products Ltd is a subsidiary of JSW Steel, one of the largest steel producers in India. The company produces a range of coated steel products, including pre-painted galvanized steel, pre-painted galvalume steel, and bare galvalume steel. With this acquisition, JSW Steel Coated Products Ltd will be able to leverage Ayena’s expertise to improve the quality and durability of its coated steel products, thereby enhancing its competitiveness in the market.

For More Latest News Click Here

Leave a Reply

Your email address will not be published. Required fields are marked *