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| Exchange Disseminated Time | JSW Energy Ltd has informed BSE that JSW Energy Natural Resources South Africa (PTY) Limited, a step down subsidiary of the Company in South Africa has disposed off 26% stake in its subsidiary, South African Coal Mining Holdings Limited (SACMH). The disposal is to comply with the black economic empowerment requirements mandated by the Department of Mineral Resources ("DMR"), requiring the issued Shares in the Company to be owned by historically disadvantaged South Africans ("HDSAs").
SACMH is a listed entity on the Johannesburg Stock Exchange (JSE).
The Company through its step down subsidiary had an effective shareholding in SACMH of 93.27%. Post completion of the transaction, the Company’s effective shareholding in SACMH stands reduced to about 67.25%. |
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