JSW Cement, part of Sajjan Jindal’s JSW Group, has filed its draft red herring prospectus (DRHP) with capital markets regulator Sebi to raise funds through an IPO worth Rs 4,000 crore. The issue comprises a fresh equity sale of Rs 2,000 crore and an offer for sale (OFS) of Rs 2,000 crore. Under the OFS, … Read more
MUMBAI: The first major India-China joint venture took off in the car industry with $110-billion Chinese automotive behemoth SAIC, which owns and operates MG Motor brand, partnering homegrown steel major JSW to manufacture cars for Indian and global markets.Sajjan Jindal, chairman of JSW group, said cumulative holding of Indian entities will be 51% in the … Read more
JSW MG Motor India Pvt Ltd – the newly formed entity owned by Sajjan Jindal owned JSW Group and SAIC’s MG Motor India – plans to sell a million units of the new energy vehicles (NEVs) by 2030, said Sajjan Jindal, chairman JSW Group. “With MG we can create a new energy Maruti moment, Jindal … Read more
JSW Group and Chinese automotive manufacturer SAIC Motor-owned MG Motor India on Thursday kickstarted their joint venture that will produce both electric and internal combustion engine cars to capture a large chunk of Indian market that is primarily dominated by Maruti and Tata Motors. Parth Jindal unveiled the new brand identity for JSW MG Motor … Read more
Home Maharashtra ‘Promised Marriage, Ghosted Me After Sex’: Mumbai Woman Accuses Industrialist Sajjan Jindal Of Rape The woman claimed that Sajjan Jindal was attracted to her and promised to marry her and on January 24 last year, raped her at the JSW Group headquarters. Photo (India.com) Mumbai: A Mumbai-based woman has accused billionaire Sajjan Jindal … Read more
DEHRADUN: Adani Group will invest over Rs 2,500 crore in Uttrakhand in expanding capacity of cement plants and installing smart electricity meters as it also looks at possibilities to develop aero-city and knowledge city in the northern Indian state, group director Pranav Adani said on Friday. Speaking at the ‘Global Investors Summit – Uttarakhand’, he … Read more
MUMBAI: Steel tycoon Sajjan Jindal will acquire a 50% stake in PNP Maritime Services, which operates the only minor port in Maharashtra, from the Shapoorji Pallonji (SP) Group for Rs 270 crore. The remaining 50% will continue to be held by original promoter Nrupal Jayant Patil, son of politician Jayant Patil. The acquisition values PNP … Read more
Sajjan Jindal’s JSW Group buying a 35% stake in MG Motor India is a win-win deal for both. MG Motor India is a British brand owned by China’s SAIC. The company had a good start with the launch of its first product SUV Hector in 2019. Though it has a minuscule share in India’s auto … Read more
Sajjan Jindal-promoted JSW Group Thursday inked an agreement with China’s SAIC Motor to acquire 35% stake in Indian subsidiary MG Motor India to jointly run automobile operations in the country. As per the agreement reached between the two companies, JSW Group will acquire 35% stake in SAIC’s Indian subsidiary MG Motor India for an undisclosed … Read more
Renowned steel magnate Sajjan Jindal is reportedly in the process of establishing a significant presence in the Indian auto market. The plan involves acquiring a substantial stake in MG Motor India, a unit of the Chinese company SAIC, and subsequently acquiring Ford’s factory in Chennai through a new entity. Concurrently, Jindal is actively engaged in … Read more