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JSW Steel moves up on acquiring 60% stake in DMMPL

24 Oct 2018 Evaluate

JSW Steel is currently trading at Rs. 348.10, up by 0.90 points or 0.26% from its previous closing of Rs. 347.20 on the BSE.

The scrip opened at Rs. 349.50 and has touched a high and low of Rs. 353.00 and Rs. 346.25 respectively. So far 44470 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 427.30 on 21-Sep-2018 and a 52 week low of Rs. 237.90 on 14-Dec-2017.

Last one week high and low of the scrip stood at Rs. 369.80 and Rs. 343.20 respectively. The current market cap of the company is Rs. 83913.81 crore.

The promoters holding in the company stood at 42.32%, while Institutions and Non-Institutions held 37.20% and 20.48% respectively.

JSW Steel has acquired an aggregate of 60.004% of the share capital of Dolvi Minerals and Metals Private (DMMPL), a company engaged in the business of acting as traders, whole-sellers and retailers in all forms of metallic and non-metallic minerals, which includes coal and lignite, coal products and iron steel products, from the existing investors of DMMPL. Prior to this agreement, the company holds 39.996% of the share capital of DMMPL.

Pursuant to the acquisition of shares of DMMPL, it has become a wholly owned subsidiary of the company, wherein JSW Steel and its nominees hold 100% of the issued and paid-up equity share capital of DMMPL.

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.

JSW Steel Share Price

1231.25 -15.40 (-1.24%)
24-Jul-2026 10:22 View Price Chart
Peers
Company Name CMP
Tata Steel 181.40
JSW Steel 1231.25
Steel Authority 158.25
Jindal Stainless 712.95
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