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Sovereign Saffron Stake Seizure Spurs Strategic Steel Surge

JSW Steel signs an agreement to buy all shares of Saffron Resources Private Limited for ₹679.34 crore, including a holdback sum linked to milestones. Saffron owns 887 acres in Odisha, planned for JSW's future growth. This move aligns JSW’s expansion strategy with India's infrastructure goals, while transparent deal terms keep shareholder interests safeguarded.

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