JSW Steel’s promoter -- JSW Investments -- has acquired around 300,000 equity shares of the company through open market transaction for total consideration of Rs 30.28 crore.
The promoter has bought 135,000 of the company on December 27, and 169,002 shares on December 26. Post acquisition, JSW Investments holding in JSW Steel increased to 4.74% from 4.62%.
Meanwhile, the company is set to commission its 2.3 million tonne per annum auto-grade steel manufacturing unit at the Vijayanagar plant in Bellary district of Karnataka by March 2014. In this regard, the company has invested close to Rs 4,500 crore for this unit, which will make outer body panels for passenger cars.
JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. 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 | 206.60 |
| JSW Steel | 1215.20 |
| SAIL | 166.10 |
| Jindal Stainless | 779.95 |
| APL Apollo Tubes | 2064.15 |
| View more.. | |
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