# Jagdamba Power & Alloys and Godawari Power & Ispat agree to merge

Jagdamba Power & Alloys and Godawari Power & Ispat have agreed to merge, with Godawari issuing 45 new equity shares for every 100 shares of Jagdamba.

- Type: Acquisition
- Announced: 2018-02-23
- Where: India
- Status: announced
- Products: power generation, steel manufacturing
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Godawari Power & Ispat Limited](https://endata.com/companies/15009.md) (acquirer)
- [Jagdamba Power & Alloys](https://endata.com/companies/30267.md) (target)

## Sources

- [power-technology.com](https://www.power-technology.com/news/mas-week-engie-north-america-jagdamba-power-alloys-soligent-holdings/), 2018-02-23: "Jagdamba Power & Alloys and Godawari Power & Ispat have agreed to merge and operate as a single company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.