UPDATE 3-JFE invests $1 bln for India's JSW Steel stake

Newswire

* To spend 48 bln rupees for 14.99 pct stake in voting rights * First major capital alliance with foreign peer for JFE * Deal gives JFE foothold in fast-growing Indian market * JFE returns to profit in Apr-Jun, forecast misses consensus (Adds executive, analyst comments) By Yuko Inoue and Swati Pandey TOKYO/MUMBAI July 27 (Reuters) - JFE Holdings Inc , the world's No.5 steelmaker, will spend about $1 billion for a 14.9 percent stake in India's JSW Steel Ltd, just shy of a mandatory ...

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