Jindal Saw climbs on inking pact to acquire up to 31.20% equity share capital in RGMHH
Jindal Saw is currently trading at Rs. 312.00, up by 7.15 points or 2.35% from its previous closing of Rs. 304.85 on the BSE.
The scrip opened at Rs. 300.25 and has touched a high and low of Rs. 314.30 and Rs. 300.00 respectively. So far 79294 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 383.85 on 09-Oct-2024 and a 52 week low of Rs. 189.40 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 333.05 and Rs. 300.00 respectively. The current market cap of the company is Rs. 19757.61 crore.
The promoters holding in the company stood at 63.28%, while Institutions and Non-Institutions held 20.61% and 16.11% respectively.
Jindal Saw has entered into share purchase agreement with ReNew Green Energy Solutions (RGES) to acquire shareholding up to 31.20% equity share capital in ReNew Green MHH One (RGMHH) which resulted RGMHH as associate of the Company. The objective of acquisition is to procure electricity at concessional rate.
Jindal Saw is one of the country’s topmost industry houses and the foremost indigenous steel producers and exporters.
