JSW Steel Ltd.

JSW Steel has received an approval for raising of long term resources through issuance of Non-Convertible Debentures (NCDs) with warrants which are convertible into or exchangeable with equity shares of the company of face value of Rs 1 each at a later date, for an amount not exceeding Rs 7,000 crore and equity Shares and/or Fully Convertible Debentures/Partly Convertible Debentures /Optionally Convertible Debentures or any other Convertible Securities for an amount not exceeding Rs 7,000 crore. The Board of directors of the company at its meeting held on May 24, 2019 has approved for 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.