JSW Steel Limited — Board Meeting, 25-03-2025: Outcome of Board Meeting

The Board of Directors has announced a board meeting outcome where Piombino Steel Limited, a subsidiary, approved a buyback of 22.26 crore fully paid-up equity shares at a price of Rs. 75.30 per share, totaling up to Rs. 1,676.45 Cr, pending shareholder approval. The parent company also plans to tender its shares under this buyback, which aims to strengthen its balance sheet. Currently, the company holds 508 Cr equity shares in PSL, representing an 83.28% stake.