JSW Steel gains on raising Rs 1000 crore through NCDs
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JSW Steel is currently trading at Rs. 719.45, up by 1.90 points or 0.26% from its previous closing of Rs. 717.55 on the BSE.
The scrip opened at Rs. 712.00 and has touched a high and low of Rs. 725.25 and Rs. 710.70 respectively. So far 507020 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 740.00 on 30-Apr-2021 and a 52 week low of Rs. 162.05 on 18-May-2020.
Last one week high and low of the scrip stood at Rs. 740.00 and Rs. 638.20 respectively. The current market cap of the company is Rs. 173459.74 crore.
The promoters holding in the company stood at 44.07%, while Institutions and Non-Institutions held 20.31% and 35.62% respectively.
JSW Steel has raised Rs 1000 crore through rated, listed, secured, redeemable, nonconvertible debentures (NCDs) and allotted 10,000 NCDs having face value of Rs 10,00,000 on private placement, at par to the investors identified by the committee of the board of directors at its meeting held on April 30, 2021.
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.
