JSW Group Advances Negotiations to Acquire Everstone's 8% Stake in MG India - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Exploring the Origins, Celebrations, and Myths of Black History Month
user-iconGloria Terra
side-post-image
Luka Dončić Traded to Lakers in Monumental Deal for Anthony Davis, Shakes NBA Landscape
user-iconSam Striker
Contact Phone:
Economy

JSW Group Advances Negotiations to Acquire Everstone's 8% Stake in MG India

share-iconTuesday, January 07 comment-icon3 weeks ago 6 views
News sources:
indiatimesINDIATIMES
JSW Group Advances Negotiations to Acquire Everstone's 8% Stake in MG India

Credited from: INDIATIMES

  • JSW Group is reportedly in advanced negotiations with Everstone Capital to purchase its 8% stake in MG India.
  • The discussions center around increasing JSW's overall ownership, which currently includes a 35% stake, to a total of 43%.
  • If the acquisition takes place, JSW would still not hold a majority share, as the Chinese parent SAIC retains the remaining 49%.
  • The valuation of the 8% stake is estimated between Rs 1,000-1,200 crore.
  • JSW and SAIC formed the joint venture JSW MG Motor India in late 2023, with significant financial investment planned for MG India.

For more details, visit the original article here.

SHARE THIS ARTICLE:

TAGS:

Jsw group Everstone capital Mg india Stake acquisition Private equity
author-dp

Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

nav-post-picture
date-iconJanuary 07, 2025 Surge in Permanent Contraception Following Roe v Wade Overturn
date-iconJanuary 07, 2025 Transfer of 11 Yemeni Detainees from Guantanamo Bay Reduces Prisoner Count to 15
nav-post-picture
Related Posts
main-post-image
ECONOMY
Bankers anticipate IPO resurgence in 2025 with high-profile listings on the horizon
date-iconJan 10, 2025
main-post-image
POLITICS
Blackstone's Young Staff Engage in Deal Discussions with Executives
date-iconJan 10, 2025
main-post-image
POLITICS
Hochul Proposes Restrictions on Private-Equity Home Purchases in New York
date-iconJan 09, 2025
main-post-image
ECONOMY
Bain Capital and CC Capital Compete for Insignia Financial Amid Pension Market Appeal
date-iconJan 09, 2025
main-post-image
POLITICS
Massachusetts Enacts Law to Enhance Oversight of Private Equity in Healthcare
date-iconJan 09, 2025
main-post-image
WORLD NEWS
Intensifying Violence in Goma: M23 Rebels Seize Control, Causing Humanitarian Crisis
date-iconJan 29, 2025

Stay Connected

main-post-image
Sports
Dejounte Murray Ruptures Achilles Tendon, Pelicans Star Out for the Season
date-icon February 01, 2025
main-post-image
World News
CIA's Controversial Findings on COVID-19 Origins Spark Political and Scientific Debates
date-icon January 28, 2025
main-post-image
World News
Woman Charged in Vermont Border Patrol Officer's Death – Connections to Alleged 'Death Cult' Emerge
date-icon February 01, 2025
main-post-image
World News
Syria's New Interim President Ahmed al-Sharaa Announces Constitution Suspension, Dissolution of Baath Party
date-icon February 01, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
Exploring the Origins, Celebrations, and Myths of Black History Month
user-iconGloria Terra
side-post-image
Luka Dončić Traded to Lakers in Monumental Deal for Anthony Davis, Shakes NBA Landscape
user-iconSam Striker
© 2025 All rights reserved | PRESS AI WORLD