JSW has until June 2 to file a review of the Supreme Court's May 2 judgment, which had rejected its ₹19,700 crore resolution plan and ordered the liquidation of the debt-laden company
Technically, the stock has near support at ₹ 960; below which the most important support level coincides with the key indicator on the weekly and monthly charts. Check key levels here
25 financial creditors would be realising 41% from the Rs 19,350 cr deal on claims of Rs 47,158 cr
After the buyout, PNB and other lenders will continue to own 12 per cent in the acquired entity, giving them the opportunity to cash out later when valuation of the company goes up