Mumbai, Nov. 12 -- Billionaire Sajjan Jindal-led JSW Steel is in advanced talks with JFE Steel Corporation, Japan's second-largest steelmaker, to bring it in as a partner in wholly owned subsidiary Bhushan Power and Steel Ltd in a deal valued at about Rs.15,000-16,000 crore, an executive aware of the matter said. The transaction, which could be finalized this quarter, would give JFE a 50% stake in the subsidiary and help billionaire Sajjan Jindal-led JSW pare debt or fund expansion plans, according to the executive who spoke on condition of anonymity. The move comes after the Supreme Court in September approved India's largest steelmaker's Rs.19,700-crore plan to take over bankrupt Bhushan Power and Steel Ltd, marking the end of one of Indi...