JSW Steel: Effectiveness of the Scheme of Amalgamation of Piombino Steel Limited with JSW Steel Limited and their…
JSW Steel (JSWSTEEL) filed a disclosure titled "Effectiveness of the Scheme of Amalgamation of Piombino Steel Limited with JSW Steel Limited and their respective shareholders". The company is valued at about ₹3.05 lakh crore.
What happened
JSW Steel (JSWSTEEL) filed a disclosure with the exchanges on 1 November 2026 at 02:05 AM titled "Effectiveness of the Scheme of Amalgamation of Piombino Steel Limited with JSW Steel Limited and their respective shareholders".
From the filing: "JSW Steel Limited has informed the Exchange about the Effectiveness of the Scheme of Amalgamation of Piombino Steel Limited with JSW Steel Limited and their respective shareholders"
Company snapshot
JSW Steel is a large-cap company in the Metals & Mining sector, with a market value of about ₹3.05 lakh crore.
The stock last traded at ₹1,246, against a 52-week range of ₹1,073.2–₹1,351 (7.8% below the high).
Before this filing the shares had moved −1.3% over the month and −1.1% over three months. Average daily turnover over the last 20 sessions was about ₹238 crore.
Promoters held 44.30% at the end of Q2 FY27; 12.25% of promoter shares were pledged. Foreign institutions owned 26.23% and domestic institutions 11.34%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 45,152 | 1,623 | 6.66 |
| Q3 FY26 | 45,991 | 2,139 | 8.76 |
| Q4 FY26 | 51,180 | 16,370 | 67.07 |
| Q1 FY27 | 47,364 | 4,651 | 19.05 |
| Q2 FY27 | 54,486 | 5,279 | 21.63 |
What history shows
BCEIE's records show 3 previous m&a filings from the company since May 2026.
After those filings, the stock gained 1.5% on average the next trading day and was up 2.4% on average after five days (3 filings with price data).
Across 50 similar disclosures by other Metals & Mining companies, shares moved −0.5% on average the next day and −0.8% over five days; 42% of them rose the next day.
Market-wide, 2,235 m&a filings with an impact score of 50 or more saw an average next-day move of +0.3%, with 49% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 17 Oct 2026 | Order of Hon'ble National Company Law Tribunal sanctioning the… | +0.5% | +3.0% |
| 1 Aug 2026 | Effectiveness Of The Scheme Of Amalgamation Of Subsidiaries With JSW… | +2.4% | +2.5% |
| 3 Jul 2026 | M&A | +1.6% | +1.8% |
What to watch
- Regulatory approvals, completion of the deal and its effect on revenue and margins.
In the news
Recent coverage elsewhere (links open the original publisher):
- JSW Steel flags domestic raw material bottlenecks as India eyes 600 mt capacity
- JSW Steel Q2 FY27: Record sales lift profit as balance sheet gets stronger
- JSW Steel Q2 Results: Net profit rockets 225% YoY to Rs 5,279 crore; revenue rises 21%
- India's JSW Steel warns of coking coal price spike as profit more than triples
- JSW Steel’s Profit More Than Triples on Higher Prices
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.