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JSW Steel's $2.37bn Bhushan Power deal cleared after Indian court reverses order

By Freny Patel ( September 26, 2025, 08:38 GMT | Insight) -- JSW Steel's $2.37 billion Bhushan Power & Steel takeover has cleared after India's top court made a sharp U-turn, reversing its liquidation order. The Supreme Court of India ruled the deal's delay was unavoidable, validated JSW Steel's resolution plan and declared an approved plan cannot be legally reopened. JSW Steel has finally secured its long-delayed $2.37 billion acquisition of Bhushan Power and Steel after India's top court reversed its earlier decision of liquidation....

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