Acquisition

JSW Infrastructure has approved acquiring 100% of JSW Overseas FZE for ₹0.19 Cr (book value). This strategic move aims to simplify the company's structure by making JSW Overseas, currently a step-down wholly-owned subsidiary, a direct wholly-owned subsidiary.

The acquisition, a related party transaction, is for administrative and operational convenience.

JSW Overseas, operating in the infrastructure sector in UAE, has not yet started its business operations.

This internal restructuring has no immediate financial or operational impact, focusing on corporate simplification.