JSW’s $2.2 Billion Bhushan Power Purchase Upheld by Top Court
PositiveFinancial Markets

India's Supreme Court has upheld JSW Steel's significant $2.2 billion acquisition of Bhushan Power & Steel, a move that not only strengthens JSW's position in the steel industry but also signals confidence in the market's recovery. This decision is crucial as it allows JSW to expand its operations and potentially create jobs, while also addressing the challenges faced by Bhushan Power, which has been struggling with debt. The ruling reflects a positive outlook for future investments in the sector.
— Curated by the World Pulse Now AI Editorial System