JSW Steel Ltd.

JSW Investments, one of the promoter company of JSW Steel has raised stake in the company to 3.66% by acquiring additional shares for Rs 3.3 crore. JSW Investments bought 45,000 shares through open market purchase on the National Stock Exchange.

Following the acquisition of additional shares, JSW Investments’ holding in JSW Steel has increased from 3.64% to 3.66%.

In another development, JSW Energy Investments has pledged 1.41 million shares with IDBI Trusteeship Services. JSW Energy Investments had 13.7 million shares in the company before the transaction.

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.