The JSW Infrastructure board has approved the 100% acquisition of JSW Overseas FZE from JSW Terminal (Middle East) FZE for INR 19.21 Lakhs. Additionally, the board approved the ‘Shri O.P. Jindal Employee Stock Ownership Plan (‘JSWIL’) – 2026′, pending member approval. The JSW Overseas acquisition aims to streamline administration, while the ESOP seeks to incentivize employees.
JSW Overseas Acquisition
JSW Infrastructure has announced the approved acquisition of 100% shares of JSW Overseas FZE (‘JSW Overseas’). The shares are being acquired from JSW Terminal (Middle East) FZE at book value, amounting to a total consideration of INR 19.21 Lakhs (AED 78446/-).
Post-acquisition, JSW Overseas will become a direct wholly-owned subsidiary of the company, simplifying the corporate structure. The transaction is expected to be completed within 60 days, pending regulatory approvals. This acquisition aims to achieve administrative and operational efficiencies for JSW Infrastructure.
Employee Stock Ownership Plan Approval
The Board of Directors has also approved the ‘Shri O.P. Jindal Employee Stock Ownership Plan (‘JSWIL’) – 2026′. This decision follows the recommendation of the Compensation Committee and remains subject to the approval of the company’s members and other regulatory requirements. The members’ approval will be sought via a postal ballot.
Under the plan, the company has the authority to grant not exceeding 21,00,000 (Twenty-one Lakhs Only) employee stock options, to be granted to the eligible employees as determined by the Compensation Committee. The exercise period for the vested options will be period of 4 (four) years after each vesting or any other period as may be set out in the Plan or deemed fit by the Compensation Committee.
Source: BSE
