Sajjan Jindal-led JSW Energy today said it had acquired a majority stake in South Africa-based Coal Mining Holding Ltd for an undisclosed amount.
In a filing to the stock exchanges, JSW Energy said it had acquired a 49.80 per cent stake in Royal Bafokeng Capital, a majority shareholder in the South African company.
“JSW Energy through its wholly-owned overseas subsidiary has acquired 49.80 per cent stake in Royal Bafokeng Capital Ltd (RBC) from Strider Holdings,” the company informed the Bombay Stock Exchange.
The company also has an option of acquiring the balance 50.20 per cent stake from Royal Bafokeng Ventures Ltd stake in RBC, the announcement said.
The value of the deal could not be ascertained as JSW Energy officials could not contacted immediately.
The company also said it has an option to acquire a 100 per cent stake from RBH Resources Holdings Ltd in Mainsail Trading 55 (Proprietary) Ltd, it said.
RBC and Mainsail collectively hold majority shareholding in South African Coal Mining Holdings which has certain coal concessions.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app