Thursday 16 January 2014

JSW Steel’s promoter entity hikes stake in the company to 5.43%

JSW Investments, a promoter group firm of JSW Steel, has raised stake in the steel maker by 0.10% to 5.43% for Rs 24.68 crore. The promoter entity bought 1.5 lakh shares on January 10 for Rs 15.39 crore, and 91,000 shares on January 13 for Rs 9.29 crore.

Following these transactions, JSW Investments hold 5.43% stake or 1.3 crore shares in the firm, as on January 14.

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.

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