News > SBI acquires minority stake in JSW Cement for Rs 100 cr

SBI acquires minority stake in JSW Cement for Rs 100 cr

The Siasat | 21/12/2021 08:57 PM | Click to read full article

The State Bank of India (SBI) has acquired a minority stake in JSW Cement Limited, part of USD 13 billion JSW Group. 

The SBI transaction with JSW Cement comes close on the heels of the Rs 1,500 crore investments made by two global private equity investors, Apollo Global Management Inc. (through its investment entity in Singapore) and Synergy Metals Investments Holding Ltd earlier this year.