As steel prices crash, firm facing winner's curse with Rs 19,700-cr acquisition. : JSW Steel has sought more time to make payment to banks for Bhushan Power acquisition, following the announcement of a moratorium by the Reserve Bank of India (RBI) and a steep fall in global steel prices due to the Covid-19 pandemic, say bankers. JSW Steel, which made the winning bid to acquire Bhushan Power & Steel (BPSL), says it remains committed to the acquisition. JSW offered Rs 19,700 crore to banks for BPSL, which was largely funded by taking fresh debts.