SBI does a Rs 100 crore private equity into JSW Cement. Why?

As per the media reports, State Bank of India (SBI) is investing Rs 100 crore into JSW Cement for a minority stake. Key points to note – Investment is through Compulsory Convertible Preference Share (CCPS) and the valuation linked to the Company’s future performance would be determined at the time of proposed IPO of the … Read more