Ispat Ind open offer at Rs 20.54/sh from Feb 12 to Mar 3

The Ispat Industries open offer will start on February 12 and closes on March 3. The price of the open offer is pegged at Rs 20.54 per share.


JSW Steel, India’s third largest the steel producer plans to takeover Ispat Industries and buy 108 crore shares via preferential allotment at Rs 19.85 per share.


While Ispat Industries' founder will still hold 26% stake in the company. The new entity would be renamed as JSW Ispat Steel post the stake sale.