Rs 1,500 crore raised by this iron and steel company; do you have it?

Shares of the company gained over 3 per cent today.

JSW Steel has raised Rs 1500 crore using unsecured, listed, rated, redeemable, non-convertible debentures (NCDs) bearing a face value of Rs 1,00,000 each. In its meeting on March 29, 2023, the Issuer's Board of Directors' Finance Committee adopted the proposal. 

JSW one of India's leading steel manufacturers has facilities in Karnataka and Maharashtra that produce flat, long, and crude steel products. JSW Steel has always been at the forefront of research and innovation. It has a strategic collaboration with global leader JFE Steel of Japan, enabling JSW to access new and state-of-the-art technologies to produce & offer high-value special steel products to its customers. These products are extensively used across industries and applications including construction, infrastructure, automobile, electrical applications, appliances, etc. 

JSW Steel's share price is trading at Rs. 680.70, up 21.20 points or 3.21 per cent. 

The stock had a high of Rs 685 and a low of Rs 660.85 after opening at Rs 662.05. About 28541 shares have been traded so far on the counter. The stock has a 52-week high of Rs 789.95 and low of Rs 520.10. 

The current market cap of the company is Rs 1,64,540 crore. Promoters hold 45.20 per cent, whereas Foreign institutional and Domestic institutional holdings are 26.04 per cent and 9.34 per cent, Government holding is 0.51 per cent, Public holding is 18.35 per cent and others have 0.57 per cent of holdings.