Japan’s JFE to buy 50% in Bhushan’s steel business – The Times of India
MUMBAI: Japan’s second-largest alloy maker JFE Steel Corporation will buy a 50% stake in the steel business of Bhushan Power & Steel for Rs 15,750 crore, ramping up its play in India’s metal sector.Bhushan Power & Steel was acquired by JSW Steel in 2021 for Rs 19,350 crore through the bankruptcy process. JFE has been…