Sajjan Jindal-led JSW Energy today said it had acquired a majority stake in South Africa-based Coal Mining Holding Ltd for an undisclosed amount.
In a filing to the stock exchanges, JSW Energy said it had acquired a 49.80 per cent stake in Royal Bafokeng Capital, a majority shareholder in the South African company.
“JSW Energy through its wholly-owned overseas subsidiary has acquired 49.80 per cent stake in Royal Bafokeng Capital Ltd (RBC) from Strider Holdings,” the company informed the Bombay Stock Exchange.
The company also has an option of acquiring the balance 50.20 per cent stake from Royal Bafokeng Ventures Ltd stake in RBC, the announcement said.
The value of the deal could not be ascertained as JSW Energy officials could not contacted immediately.
The company also said it has an option to acquire a 100 per cent stake from RBH Resources Holdings Ltd in Mainsail Trading 55 (Proprietary) Ltd, it said.
RBC and Mainsail collectively hold majority shareholding in South African Coal Mining Holdings which has certain coal concessions.