JSW in talks to buy out PE Everstone's 8% in MG India

JSW Group is in advanced negotiations to buy Everstone Capital's 8% stake in MG India, potentially increasing JSW's stake to 43%. Currently, Everstone Capital holds 8%, while JSW Group owns 35%. MG India's Chinese parent SAIC owns 49% of the company. The valuation of the 8% stake could be Rs 1,000-1,200 crore.

Jan 7, 2025 - 04:30

JSW in talks to buy out PE Everstone's 8% in MG India

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JSW Group is in advanced negotiations to buy Everstone Capital's 8% stake in MG India, potentially increasing JSW's stake to 43%. Currently, Everstone Capital holds 8%, while JSW Group owns 35%. MG India's Chinese parent SAIC owns 49% of the company. The valuation of the 8% stake could be Rs 1,000-1,200 crore.