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JSW Steel to Raise Up to INR 1,000 crore via NCDs

Steel News - Published on Fri, 24 Jan 2020

Image Source: assettype.com
JSW Steel announced its plan to raise up to INR 1,000 crore through issuance of non-convertible debentures. JSW Steel informed BSE “The committee of directors of the issuer approved the allotment of 10,000 rated, listed, secured, redeemable, nonconvertible debentures bearing a face value of INR 10,00,000 each, aggregating to INR 1000,00,00,000.”

The proceeds will be used to meet long-term working capital requirements, refinance existing debt, general corporate purpose and ongoing capital expenditure

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Posted By : Rabi Wangkhem on Fri, 24 Jan 2020
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