JSW Steel Shares Crash
The Supreme Court rejected JSW Steel’s ₹19,700 crore resolution plan for Bhushan Power and Steel on May 2, 2025, deeming it illegal and ordering liquidation.
JSW’s shares dropped over 7%, reflecting market concerns.
The plan, approved in 2019, offered ₹19,350 crore to financial creditors and ₹350 crore to operational creditors.
JSW, holding an 83% stake since 2021, faces uncertainty as the ruling may impact future IBC cases.
Read More at Financial Express
