Published On: Mon, May 24th, 2021

JSW Steel trashes media reports of bidding for Liberty Steel assets

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JSW Steel has trashed media reports that it is mulling a bid to acquire Liberty Steel assets in the .

Liberty Steel is the steel manufacturing business of ’s .

The Indian steelmaking company said that reports stating that it is interested in bidding or buying the assets are speculative and are also misleading and mischievous.

JSW Steel stated: “We have made and will continue to make disclosures in compliance with our obligations under (Listing Obligations and Disclosure Requirements) Regulations, 2015 and our agreements with the stock exchanges.”

JSW Steel trashes media reports of bidding for Liberty Steel assets

JSW Steel trashes media reports of bidding for Liberty Steel assets. Photo courtesy of Hands off my tags! Michael Gaida from Pixabay.

Earlier this month, JSW Steel executed a memorandum of understanding (MoU) with to undertake a feasibility study for establishing a grain oriented electrical steel sheet manufacturing and sales joint venture firm in India.

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