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Brief
On "10/12/2024", the "Competition Commission of India" issued an update regarding "CCI approves the proposed acquisition of thyssenkrupp Electrical Steel India Private Limited by Jsquare Electrical Steel Nashik Private Limited". The proposed combination involves JSquare, a subsidiary of JSW JFE Electrical Steel Private Limited, acquiring 100% share capital of thyssenkrupp India. This move is expected to commence manufacturing and sale of grain-oriented electrical steel in India from 2027 onwards through the JSW Group's and JFE Group's joint venture, JSW JFE Electrical Steel Private Limited.
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