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JSW Energy acquires JSW Electric Vehicles

Sajjan Jindal-led JSW Energy on Monday acquired JSW Electric Vehicles Private Ltd.JSW Electric Vehicles is part of diversification strategy of JSW Energy Ltd to foray into electric vehicles, energy storage systems and charging infrastructure, JSW Energy said in a BSE filing on Monday. In August last year, JSW Energy had announced about its venture in the electric vehicles, energy storage systems and associated business, directly or through one or more subsidiaries.The shareholders of JSW Electric Vehicles before this acquisition were Magnificient Merchandise and Advisory Services Private Ltd (a company owned by promoter of JSW Energy) and Parth Jindal (a relative of promoter of JSW Energy).JSW Electric Vehicles has a paid share capital of R.....

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