Synergy Metals Investments Holding has received a nod from Competition Commission of India (CCI) to acquire a stake in Sajjan Jindal-led JSW Cement.
The investment fund company has received the approval under the ‘green channel notice,’ Public Information Bureau said in its release today.
Unlisted JSW Cement currently has a capacity of 14 million tonne. The company aims to reach a capacity target of 25 million tonne by 2023.
JSW Cement refrained from commenting on the stake buy by the investment fund.
Synergy Metals and Mining Fund I LP, parent of Synergy Metals Investments Holdings Limited
The investment fund company has received the approval under the ‘green channel notice,’ Public Information Bureau said in its release today.
Unlisted JSW Cement currently has a capacity of 14 million tonne. The company aims to reach a capacity target of 25 million tonne by 2023.
JSW Cement refrained from commenting on the stake buy by the investment fund.
Synergy Metals and Mining Fund I LP, parent of Synergy Metals Investments Holdings Limited

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