JSW Steel has received an approval for the allotment of 10,000 rated, listed, secured, redeemable, non-convertible debentures (NCDs) bearing a face value of Rs 10,00,000 each, at par to the investors identified by the Committee at its meeting held on January 22, 2020, aggregating to Rs 1000,00,00,000.
The Proceeds from above allotment will be used for meeting long-term working capital requirements, refinancing of existing debt, general corporate purpose and ongoing capital expenditure.
The Committee of Directors of the Issuer (Board) at its meeting held on January 23, 2020, 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.
