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Theleme Master Fund acquires around 2.85 crore equity shares of JSW Steel

27 Mar 2020 Evaluate
Theleme Master Fund has acquired around 2.85 crore equity shares of JSW Steel at Rs 153.80 per equity share valuing the transaction for over Rs 437 crore through open market transactions, on March 26, 2020. On the other hand, Morgan Stanley (France) S.A.S has sold 2.19 crore equity shares of the company at Rs 153.80 per equity share taking the transaction size to Rs 336.82 crore, on the same day.

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 1230.00
Tata Steel 183.40
Steel Authority 173.15
Jindal Stainless 724.60
APL Apollo Tubes 2115.85
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