India top court to revisit order scrapping JSW Steel's $2.3 bln Bhushan Power deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 31 2025
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Source: Reuters
Supreme Court Decision: India's Supreme Court has decided to recall its previous order that annulled JSW Steel's $2.3 billion acquisition of Bhushan Power and Steel, indicating that the challenges to the deal will be reconsidered.
Liquidation Proceedings Halted: The court has paused the liquidation process of Bhushan Power and Steel to allow for a review of the ruling that initially canceled the takeover, which had been in place for four years.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
