Breaking News

You are here » Indian-Commodity  :  Top News  :  JSW Steel gets nod to raise long term funds

17-May2018

JSW Steel gets nod to raise long term funds

JSW Steel has received an approval for raising of long term resources through issuance of Non-Convertible Debentures with warrants which are convertible into or exchangeable with equity shares of the company of face value of Rs 1 each (the Equity Shares) at a later date, for an amount not exceeding Rs 4,000 crore, inclusive of such premium as may be decided by the Board; and/or  Equity Shares and/or Fully Convertible Debentures/Partly Convertible Debentures /Optionally Convertible Debentures or any other Convertible Securities (other than warrants) for an amount not exceeding Rs 4,000 crore, inclusive of such premium as may be decided by the Board to Qualified Institutional Buyers by way of a Qualified Institutions Placement.

The Board of the company at its meeting held on May 16, 2018, approved the same. 

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.



Related News

View all news

Copper futures end tad higher on upbeat trade talk

Copper futures ended marginally higher on Wednesday due to upbeat comments from US President Donald Trump about a potential trade deal with China. Trump said he would intervene in the Justice Department's......

Gold futures end higher as dollar slides

Gold futures ended higher on Wednesday, with weaker dollar amid report that US consumer prices were unchanged in November, supporting the view that underlying inflation remained firm. Moreover, dimmed......

Physical Rubber prices witness improvement on Wednesday

Physical Rubber prices showed improvement on Wednesday. The market regained strength on short covering but the volumes continued to remain low. Spot prices for RSS-4 variety rose to 120.50/ kg compared......

Top News

View all news

Patels Airtemp receives settlement notice from SEBI

Patels Airtemp (India) has received from SEBI, Summary Settlement Notice vide its Letter dated December 12, 2018 for settlement amount of Rs 3,68,156 against violation of Regulation 7(2)(b) of SEBI (Prohibition......

IndiGo in initial discussion with Qatar, Turkish Airlines for global expansion: Report

In order to increase its global footprint, InterGlobe Aviation (IndiGo) is reportedly in preliminary discussion with Qatar Airways and Turkish Airlines. The Budget carrier is looking for interline and......

Talwalkars Lifestyles integrates with Growfitter

Talwalkars Lifestyles has integrated with Growfitter to introduce the country's first ever AI (Artificial Intelligence) based Incentivized Wellness Program. The Growfitter FITKIT Program is a technologically......