Comments
Shares of JSW Steel today hit a life-high as the Competition Commission of India has found no adverse effect on competition from Bhushan deal. The stock hit a record high, rising as much as 2.5 per cent to Rs 427.55.
On Thursday, Competition Commission of India had said it found no “appreciable adverse effect” on competition on JSW Steel's proposed buy of Bhushan Power & Steel. JSW Steel and other steelmakers such as Tata Steel had bid for Bhushan Steel & Power, which is being pursued by creditors in bankruptcy court.
JSW Steel stock had gained 54.6 per cent this year as of last close. More than 1.2 million shares changed hands vs 30-day average of 7.7 million shares.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.