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JSW Infrastructure acquires majority stake in Navkar Corporation for ₹1012.69 crore

Jun 28, 2024•over 1 year ago

Acquiring Company

JSW Steel

Acquired Company

Navkar Corporation

MumbaiMumbaiEnergyManufacturingLogisticsTransportation

Description

JSW Infrastructure, India’s second largest private commercial port operator, has acquired a 70.37% voting share capital in Navkar Corporation, a Mumbai-listed multimodal logistics company. The acquisition price is ₹1012.69 crore, and JSW Infrastructure plans to improve port connectivity, offer streamlined supply chain solutions, and foray into logistics and value-added services through this acquisition.

Company Information

Company

JSW Steel

Location

Mumbai, Maharashtra, India

About

JSW Neo Energy Limited is a wholly owned subsidiary of JSW Energy Limited, which aims to achieve 20 GW generation capacity and 40 GWh of energy storage capacity by 2030.

FundzWatch™ Score

82
High M&A Activity

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M&A Insights

Based on deal data
Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed