According to the announcement made by Sanjay Jindal led JSW Energy, it has acquired a part of shared of the company that owns shares in South African Coal Mining Holding for an undisclosed amount.

As per the filing the company made to the BSE, JSW Energy has already picked up a 49.8% stake in Royal Bafokeng Capital (Proprietary) from Strider Holdings (Proprietary) and the company still reserves the option to buy the remaining 50.2% from Royal Bafokeng Ventures.

Moreover, the company also has another option of buying the entire stake holding in the Mainsail Trading 55 (Proprietary), another investor in South African Coal Mining, from RBH Resources Holding (Proprietary).

However, looking at a bigger picture one will easily find that Royal Bafokeng Capital and Mainsail collectively hold a majority stake in South African Coal Mining and hence by acquiring entire stake in both these companies will open door for JSW to bring into the changes in ownership of the South African Coal Mining. Experts believe that the cost of acquisition will be close to somewhere around $50 million after taking into account the debt the target carries on the back.