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04-Jul2017

JSW Steel gets nod to raise over Rs 14,000 crore through various securities

JSW Steel has received shareholders' approval to raise over Rs 14,000 crore through various securities. The company has received consent for private placement of redeemable non- convertible debentures aggregating up to Rs 10,000 crore.

Besides, an approval was also given for issuance of non- convertible debentures with warrants for an amount not exceeding Rs 4,000 crore and/or issue of equity shares or fully, partly or optionally convertible debentures or any other convertible securities (other than warrants).

JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.



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