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Published: September 15, 2023
Updated: September 15, 2023
JSW plans to acquire a cement company in India, a coal company in Canada for $ 8 billion and a car company for $ 1.5 billion. All these acquisition plans are keeping Sajjan Jindal busy, and some of the deals will be announced by Diwali.
To acquire the Canadian coal company, Jindal will require close to $2 billion of his own money while the rest will be raised from foreign banks and private equities.
The group is keen to buy MG Motor in India to make an entry into the electric vehicle segment. Again, it is tying up with Apollo to acquire the company from its Chinese owners. The Chinese owner will retain a minority stake in the company, which has a production capacity of 1 lakh cars in India but is unable to sell its MG cars in India due to the high price tag.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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