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JSW Steel planning to raise long term funds

21 May 2019 Evaluate

JSW Steel is planning to raise long term funds through issuance of Non-convertible Debentures with warrants which are convertible into or exchangeable with equity shares of the company and/or Equity Shares and/or Convertible Securities (other than warrants), by way of a Qualified Institutions Placement. The meeting of the Board of Directors has been convened to be held on May 24, 2019, to consider 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.

Peers
Company Name CMP
JSW Steel 1224.60
Tata Steel 168.95
Steel Authority 164.50
Jindal Stainless 675.90
APL Apollo Tubes 2064.80
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