JSW Techno hikes stake in JSW Steel to over 6%
JSW Steel today said JSW Techno Projects Management has increased its stake in the company to 6.22 per cent from 4.9 per cent earlier.
By PTI | Updated:
NEW DELHI: JSW Steel today said JSW Techno Projects Management has increased its stake in the company to 6.22 per cent from 4.9 per cent earlier.
In a disclosure to the Bombay Stock Exchange, JSW Steel said JSW Techno Projects Management has raised its stake by 1.32 per cent by buying pledged shares.
IDBI Trusteeship Services has acted in the transaction as the share pledge trustee for the non-convertible debentures (NCD) issued by the steel maker last year.
JSW Steel officials could not be contacted for comments. The company is understood to have used the NCD to part- finance its capacity expansion activities.
JSW Steel's shares today closed at Rs 586.85 a share on the BSE, 2.22 per cent higher than its previous close.
In a disclosure to the Bombay Stock Exchange, JSW Steel said JSW Techno Projects Management has raised its stake by 1.32 per cent by buying pledged shares.
IDBI Trusteeship Services has acted in the transaction as the share pledge trustee for the non-convertible debentures (NCD) issued by the steel maker last year.
JSW Steel officials could not be contacted for comments. The company is understood to have used the NCD to part- finance its capacity expansion activities.
JSW Steel's shares today closed at Rs 586.85 a share on the BSE, 2.22 per cent higher than its previous close.
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