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Japan steel firm JFE aims to boost ties with JSW
As per media sources, Japan’s JFE Steel Corp, the world's fifth-biggest steelmaker intends
to strengthen its ties with JSW Steel. The Japanese steelmaker plans to raise stake in JSW
Steel or increase its presence on firm's board. Both the companies are in talks for jointly
building a new integrated steel mill in India. JFE had acquired 14.9% stake in JSW for
about US$1bn last year to gain a foothold in the fast-growing Indian market. We
maintain our Neutral rating on the stock.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Japan steel firm JFE aims to boost ties with JSW
As per media sources, Japan’s JFE Steel Corp, the world's fifth-biggest steelmaker intends
to strengthen its ties with JSW Steel. The Japanese steelmaker plans to raise stake in JSW
Steel or increase its presence on firm's board. Both the companies are in talks for jointly
building a new integrated steel mill in India. JFE had acquired 14.9% stake in JSW for
about US$1bn last year to gain a foothold in the fast-growing Indian market. We
maintain our Neutral rating on the stock.
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