JSW Group in talks with SAIC of China to increase stake in JV
JSW Group is reported to be negotiating with SAIC Motor to increase its stake in JSW MG Motor India.
GS3The HinduGS3Corporate restructuringAutomotive industryForeign direct investment/joint venture (context)
What happened: JSW Group seeks a higher stake in JSW MG Motor India
Background and earlier position: reported shareholding split in JSW MG Motor India
The reported current shareholding split in JSW MG Motor India is:
JSW Group: 35%SAIC Motor: 49%Remaining shares: held by institutional investors, employees, and dealers
What changed now: shareholder-level negotiations with no disclosed target stake
The reported change is that JSW Group and SAIC Motor are negotiating to adjust equity in JSW MG Motor India so that JSW Group’s stake increases. The available information does not disclose the exact target stake percentage, so the final ownership outcome is not stated.
