JSW Steel has received an approval for raising of long term resources through issuance of Non-Convertible Debentures with warrants which are convertible into or exchangeable with equity shares of the company of face value of Rs 1 each (the Equity Shares) at a later date, for an amount not exceeding Rs 4,000 crore, inclusive of such premium as may be decided by the Board; and/or Equity Shares and/or Fully Convertible Debentures/Partly Convertible Debentures /Optionally Convertible Debentures or any other Convertible Securities (other than warrants) for an amount not exceeding Rs 4,000 crore, inclusive of such premium as may be decided by the Board to Qualified Institutional Buyers by way of a Qualified Institutions Placement.
The Board of the company at its meeting held on May 16, 2018, 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.
| Company Name | CMP |
|---|---|
| Tata Steel | 189.60 |
| JSW Steel | 1231.70 |
| Steel Authority | 175.15 |
| Jindal Stainless | 682.50 |
| APL Apollo Tubes | 1788.30 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: