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jsw energy

JSW Energy buys Canadian firm

Posted on November 24th, 2010 in Business News, CIC Energy, Energy Sector, India Shares, jsw energy

JSW Energy has taken over a Canadian coal company, CIC Energy for 4422 million. And with that it has shown that India Inc is trying hard to get access to the resource-rich Canadian soil.

Meanwhile, for the deal JSW is going to pay $7.42 per share and has also got the necessary approval from the board of CIC Energy. The company is already listed in the stock markets of Toronto and Botswana in southern Africa.

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Tags: India Share market, India Shares

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