JSW Steel may sell 14% stake to JFE, deal likely by July 27
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2012-03-23
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JSW Steel announced that it would consider a share sale to a strategic investor to raise long-term funds. Although the Sajjan Jindal-controlled company did not disclose the identity of the investor, a person close to the matter said Japanese company JFE will buy around 14% stake for at least Rs 4,000 crore.
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