The Committee of Directors of the Issuer ("Board") at its meeting held today i.e. 18.10.2019 at 10.20 am approved the allotment of 20,000, 8. 79% rated, listed, secured, redeemable, non-convertible debentures (the "NCDs") bearing a face value of INR 10,00,000 (Rupees Ten lakh only) each, at par to the investors identified by the Committee at its meeting held on 17.10.2019, aggregating to INR 2000,00,00,000 (Rupees Two Thousand Crores Only).
The tenor of the instrument is 10 years from deemed date of allotment.
The company will use the proceeds for meeting long-term working capital requirements, refinancing of existing debt, general corporate purpose and ongoing capital expenditure.
Shares of JSW STEEL LTD. was last trading in BSE at Rs.223.35 as compared to the previous close of Rs. 220.2. The total number of shares traded during the day was 740947 in over 3684 trades.
The stock hit an intraday high of Rs. 224.6 and intraday low of 214.5. The net turnover during the day was Rs. 162391258.