JSW Ispat Special Products trades marginally higher on BSE
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JSW Ispat Special Products is currently trading at Rs. 34.00, up by 0.05 points or 0.15% from its previous closing of Rs. 33.95 on the BSE.
The scrip opened at Rs. 34.50 and has touched a high and low of Rs. 34.85 and Rs. 33.80 respectively. So far 399589 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. 35.95 and Rs. 33.30 respectively. The current market cap of the company is Rs. 1596.46 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 received approval from board of directors for acquisition of 100% of the equity share capital of Mivaan Steels (MSL) to make it a wholly owned subsidiary of the Company. The objective of the acquisition of the entity is to enable/ implement the transfer of the Specified Undertaking of the Company by way of the proposed Scheme.
The share will be acquired at their par value of Rs 10 per share, aggregating to Rs 80,000. Mivaan Steels is yet to commence operations. The Board of Directors of the Company at its meeting held on February 16, 2022 has approved the same.
JSW Ispat Special Products manufactures metal products. The company offers sponge iron, steel, and ferro alloys.
