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JSW Steel issues Rs 462-cr GDRs to Japan's JFE

14 Dec 2010 Evaluate

JSW Steel will issue global depository receipts (GDR) worth Rs 462 crore to Japanese steel major JFE Steel Corporation. The company would issue 30,85,814 GDRs to JFE Corporation, Japan, on a preferential basis. The issue priced at Rs 1,500 a share will be closed soon after the receipt of the full subscription money receivable in respect of the GDRs.crackcrack

Peers
Company Name CMP
JSW Steel 1267.50
Tata Steel 182.85
Steel Authority 179.00
Jindal Stainless 755.20
APL Apollo Tubes 2153.00
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