JSW Ispat Special Products shines on completing acquisition entire stake in Mivaan Steels
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JSW Ispat Special Products is currently trading at Rs. 30.60, up by 1.90 points or 6.62% from its previous closing of Rs. 28.70 on the BSE.
The scrip opened at Rs. 29.05 and has touched a high and low of Rs. 31.00 and Rs. 29.05 respectively. So far 191187 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 67.60 on 12-May-2021 and a 52 week low of Rs. 22.50 on 19-Mar-2021.
Last one week high and low of the scrip stood at Rs. 33.90 and Rs. 28.40 respectively. The current market cap of the company is Rs. 1448.55 crore.
The promoters holding in the company stood at 53.17%, while Institutions and Non-Institutions held 5.26% and 41.57% respectively.
JSW Ispat Special Products has completed acquisition of 100% equity share capital of Mivaan Steels (MSL) on February 24, 2022. Consequent to this, MSL has become a wholly-owned subsidiary of the company.
Earlier, the company had received approval from board of directors for acquisition of 100% of the equity share capital of MSL.
JSW Ispat Special Products manufactures metal products. The company offers sponge iron, steel, and ferro alloys.
