M&A

M&A

JFE Steel Corp invests Rs.7,875-Cr to up stake by 25% in JSW JFE Kalinga

BSE Announcement   Business Line  

JFE Steel Corp has acquired an additional 25% stake in JSW JFE Kalinga for INR 7,875 crore. Following this transaction, JFE Steel Corp holds a 50% equity stake in the company.JSW JFE Kalinga (formerly JSW Kalinga Steel) operates as a joint venture between JSW Steel and JFE Steel Corp. The investment follows a previous tranche completed in March 2026, which provided JFE with a 25% stake in the entity.