JSW Steel gains on completing acquisition of 100% equity interest in Saffron
JSW Steel is currently trading at Rs. 1152.75, up by 5.25 points or 0.46% from its previous closing of Rs. 1147.50 on the BSE.
The scrip opened at Rs. 1160.35 and has touched a high and low of Rs. 1165.00 and Rs. 1145.00 respectively. So far 25738 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1223.75 on 29-Oct-2025 and a 52 week low of Rs. 879.60 on 13-Jan-2025.
Last one week high and low of the scrip stood at Rs. 1185.00 and Rs. 1104.00 respectively. The current market cap of the company is Rs. 281899.71 crore.
The promoters holding in the company stood at 45.32%, while Institutions and Non-Institutions held 36.93% and 17.75% respectively.
JSW Steel has completed the acquisition of 100% equity interest in Saffron Resources (Saffron) on December 3, 2025, in accordance with the Share Purchase Agreement as amended from time to time. Consequently, Saffron has now become a wholly owned subsidiary of the Company.
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.
