JSW Cement Buys Out Shiva Cement Promoter Stake

New Delhi: JSW Cement has acquired promoters' share in Odisha-based Shiva Cement and has also launched an open offer to acquire a 32 per cent stake from public shareholders. "The share purchase agreement has been executed with JSW Cement Ltd, for sale of shares held by the promoters of the company," Shiva Cement said in a filing to the part of the $11-billion JSW Group. Besides, JSW Cement, which is a part of the $11-billion JSW Gr...