Press Release No. 1
News about JSW Steel Limited
The
media had reports that JSW Steel Limited may acquire majority stake in Rathi
Bars Limited.
The
Exchange, in order to verify the accuracy or otherwise of the information reported
in the media and to inform the market place so that the interest of the
investors is safeguarded, had written to the officials of the company.
JSW
Steel Limited has vide its letter inter-alia stated," We clarify that no
proposal for acquiring of majority stake in Rathi Bars Limited is currently
under our consideration."