6 days ago
HomeMarket NewsJSW Steel shares surge after Supreme Court overturns its own decision on BPSL acquisition
The Supreme Court judgement stated that it will be rejecting the arguments of the Committee of Creditors, and that the results will be 'disastrous' if contentions of past promoters were accepted.
Shares of JSW Steel Ltd. surged from the lows of the day, gaining as much as 1.5% on Friday, September 26, after the Supreme Court overturned its own order with regards to the former's acquisition of Bhushan Power and Steel.
The Supreme Court judgement stated that it will be rejecting the arguments of the Committee of Creditors, and that the results will be 'disastrous' if contentions of past promoters were accepted.
Shares of JSW Steel are trading 1.1% higher at ₹1,160.5.
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