JSW Steel surges on raising Rs 1500 crore through NCDs
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JSW Steel is currently trading at Rs. 671.85, up by 12.35 points or 1.87% from its previous closing of Rs. 659.50 on the BSE.
The scrip opened at Rs. 662.05 and has touched a high and low of Rs. 673.90 and Rs. 660.85 respectively. So far 28541 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 789.95 on 19-Apr-2022 and a 52 week low of Rs. 520.10 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 675.55 and Rs. 655.75 respectively. The current market cap of the company is Rs. 162183.41 crore.
The promoters holding in the company stood at 45.19%, while Institutions and Non-Institutions held 35.89% and 18.92% respectively.
JSW Steel has raised Rs 1500 crore through unsecured, listed, Rated, redeemable, non-convertible debentures (NCDs) bearing a face value of Rs 1,00,000 each. The Finance Committee of the Board of Directors of the Issuer at its meeting held on i.e. March 29, 2023 has 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.
