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04-Jul2017

JSW Steel advances on getting nod to raise over Rs 14,000 crore through various securities

JSW Steel is currently trading at Rs. 205.70, up by 0.55 points or 0.27% from its previous closing of Rs. 205.15 on the BSE.

The scrip opened at Rs. 206.15 and has touched a high and low of Rs. 209.20 and Rs. 205.70 respectively. So far 204649 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 209.35 on 17-May-2017 and a 52 week low of Rs. 145.80 on 04-Jul-2016.

Last one week high and low of the scrip stood at Rs. 209.20 and Rs. 192.45 respectively. The current market cap of the company is Rs. 49939.77 crore.

The promoters holding in the company stood at 41.62%, while institutions and non-institutions held 36.85% and 21.52% respectively.

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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