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Economic Times citing two people with direct knowledge of the development reported that JSW Steel is in talks to purchase a significant stake in Sandur Manganese and Iron Ores in KarnatakaThe report quoted an investment banker as saying that "JSW is in talks to buy a significant stake of the promoter in Sandur Manganese at a considerable premium to its current market price.'The proposed transaction is intended to ensure assured supply from the Sandur mines located 30 km from its 12 million tonne Vijayanagar plant in Karnataka. The company is already buying a part of its iron ore requirement from Sandur.As per report the promoters of Sandur Manganese, who own 74.15% stake in the company, have appointed investment banker Edelweiss Financial Services to scout for a buyer.Source - ET