JSW Steel Ltd approves Scheme of Amalgamation with BMM Ispat Ltd
JSW Steel · Ferrous Metals
Key highlights
- JSW Steel Limited will amalgamate BMM Ispat Limited, which operates ~1 MTPA steel facility in Karnataka, effective April 1, 2026.
- Post-merger, JSW Steel will issue 1 equity share for every 18 shares held in BMM Ispat; shareholding will adjust to 45.65% promoters and 54.17% public.
- The merger integrates operations, optimizes raw materials, expands capacity using BMMIL's expansion-ready land, and shares resources across both companies.
Why it's rated notable: amount is ₹500 crore or more
Original filing
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from JSW Steel
- Acquisition / mergerNotableJSW Steel approves Sambalpur plant expansion and UAE subsidiary incorporation
- Acquisition / mergerNotableJSW Steel: NCLT sanctions merger of Piombino Steel Limited into the company
- Acquisition / mergerNotableJSW Steel shareholders approve Scheme of Amalgamation with Piombino Steel
- Acquisition / mergerNotableJSW Steel Limited shareholders approve Scheme of Amalgamation on August 21, 2026
- Credit ratingNotableMoody’s upgrades JSW Steel to Baa3 investment grade with stable outlook
Other acquisition / merger filings this fortnight
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Potential multibaggers · Q2 FY27
Potential multibaggers in Ferrous Metals
on management's own guidance
- Jindal SteelGood growth2
- Strong growth1
- Jai Balaji IndustriesGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.