JSW Projects gets CCI approval for majority shareholding in BMM
BMM is engaged in the manufacture and sale of steel products
The Competition Commission of India (CCI) has approved proposed combination relating to acquisition of majority shareholding in BMM Ispat (BMM) by JSW Projects (JPL).
JPL, a part of the JSW Group, is engaged in the business of manufacture of direct reduce iron/ sponge iron, coke dry quenching and captive power generation which are used in the manufacture of steel and steel products on a job work basis for JSW Steel.
BMM, incorporated in India, is engaged in the manufacture and sale of steel products including iron ore pellets, sponge iron, TMT bars and semis.