JSW Steel’s promoter -- JSW Investments -- has raised its stake in the steel-maker to over 5% by buying 4.85 lakh shares from the open markets. JSW Investments bought 2.85 lakh shares on January 2 for Rs 28.99 crore and another two lakh shares on January 3 for Rs 19.90 crore.
Following these transactions, JSW Investments had 5.12% stake or 1.24 crore shares in the firm, as on January 6.
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.
Following these transactions, JSW Investments had 5.12% stake or 1.24 crore shares in the firm, as on January 6.
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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