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CCI Approves Internal Restructuring for JSW Group and BMM Ispat
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News18•06-10-2026, 21:15
CCI Approves Internal Restructuring for JSW Group and BMM Ispat
- •The Competition Commission of India approved the proposed internal restructuring involving JSW Group entities and BMM Ispat.
- •The restructuring aims to consolidate JSW Group's majority interest in BMM into full ownership.
- •JSW Projects currently holds a 58.47 percent equity shareholding in BMM Ispat Ltd.
- •JSW Steel plans to fully absorb BMM through amalgamation to enhance operational, financial, and organisational efficiencies.
- •The board previously approved the amalgamation scheme at an enterprise value of Rs 6,400 crore.
Key Questions Answered
The restructuring aims to consolidate the JSW Group's majority interest in BMM Ispat into full ownership by fully absorbing BMM into JSW Steel through an amalgamation. This is designed to enhance operational, financial, and organisational efficiencies through economies of scale.
JSW Steel approved the scheme of amalgamation of BMM Ispat at an enterprise value of Rs 6,400 crore.
BMM Ispat operates an integrated steel manufacturing facility with a capacity of approximately one metric tonne per annum located in Karnataka.
