JSW Steel informed after market close on Thursday that the company has completed the acquisition of 100 per cent stake in Thyssenkrupp Electrical Steel India. The company said that the acquisition of 100 per cent stake has been completed for Rs 4,158.6 crore. The joint venture between JSW Steel Limited and JFE Steel Corporation has acquired 100 per cent equity stake in thyssenkrupp Electrical Steel India.

The company said in an exchange filing, "JSW JFE Electrical Steel Private Limited's wholly-owned subsidiary JSquare Electrical Steel Nashik Private Limited, which is a 50:50 joint venture between JSW Steel Limited and JFE Steel Corporation, has completed the acquisition of 100% equity stake in thyssenkrupp Electrical Steel India and the technology package belonging to the thyssenkrupp Group has been licensed/transferred to the company. The total purchase price for the transaction is Rs 4,158.6 crore." Share performance The company's stock closed 1.80 per cent higher at Rs 954.50 on Thursday. The company's stock has seen a gain of 17.65 per cent in the last one year. The 52-week high of the stock is Rs 1,063.35.