Stock tanks over 6 per cent after Supreme Court scraps Bhushan Power deal, triggering concerns about capacity, earnings and future strategy
02-May-2025•Bazaar Bhardwaj
Adobe Stock
It's a bad day at the furnace. JSW Steel's dream deal just turned into a legal nightmare. The steelmaker's share price tumbled over 6% on May 2, trading at ₹965 on the BSE, after the Supreme Court delivered a stinging verdict: its ₹19,700 crore acquisition of Bhushan Power and Steel (BPSL) is void.
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