JSW Steel arm buys stake in home furnishing start-up

BL Mumbai Bureau Updated - January 26, 2023 at 10:02 AM.

JSW Steel Coated Products has entered into an agreement to acquire 31 per cent stake Ayena Innovation

JSW Steel’s subsidiary JSW Steel Coated Products has entered into an agreement to acquire 31 per cent stake Ayena Innovation, a start-up in home furnishings and decor space for ₹6 crore.

The proposed investment is in line with endeavours of JSW Steel Coated Products to explore new avenues to increase the consumption of coated steel products, said the company in a statement. The investment will enable JSW Steel Coated Products to further diversify its customer portfolio mix and enhance its presence in the retail business, it added.

Published on January 25, 2023 06:16
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