JFE says no plans to raise JSW stake further

JFE Steel Corp, the world's fifth-biggest steelmaker, said it had no plans to further raise its stake in India's JSW Steel Ltd above 14.99 per cent.

By Agencies | Jul 27, 2010, 10.22 AM IST

TOKYO: JFE Steel Corp, the world's fifth-biggest steelmaker, said it had no plans to further raise its stake in India's JSW Steel Ltd above 14.99 per cent.

JFE announced earlier that it would spend about $1 billion for a 14.99 per cent stake in India's JSW Steel.

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