JSW Steel Ltd.

JSW Steel’s one of its promoter groups - JSW Investments has hiked its stake in the company to 3.59%. JSW Investments has purchased 1.57 lakh shares worth around Rs 11.04 crore.

JSW Investments had 2.94% stake in JSW Steel, as of end of the last quarter ending December 31, 2011. On March 07, 2012, the promoter group entity bought 147,500 shares and another 9,500 shares on March 09, 2012. These purchases were made through the open market transaction. After this acquisition, the holding of JSW Investments in JSW Steel has increased to 3.59%.

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.