The board of JSW Steel at its meeting held on 25 March 2025 has approved tendering of 22,26,36,000 equity shares held by the
company in Piombino Steel (PSL), a subsidiary of the company, under the proposed buy-back offer at a price of Rs. 75.30/- per equity share. This will inter-alia help company further strengthen its balance sheet. The said buy-back will be subject to acceptance by PSL.
The company holds 508 crore equity shares in PSL constituting 83.28% of total equity shareholding of PSL.