JSW Steel on Thursday said its board has approved raising up to Rs 14,000 crore through the issuance of non-convertible debentures and equity shares.
The board has also approved the scheme of amalgamation of BMM Ispat with JSW Steel at an enterprise value of Rs 6,400 crore, the company said in a regulatory filing.
It said funds will be raised through the issuance of non-convertible debentures with warrants, which are convertible into or exchangeable with equity shares of the company of face value of Re 1 each (the equity shares) at a later date, for an amount not exceeding Rs 7,000 crore, inclusive of such premium as may be decided by the board.
Also, the company plans to issue equity shares and/or convertible securities (other than warrants) for an amount not exceeding Rs 7,000 crore, inclusive of such premium as may be decided by the board.
In a separate statement, JSW Steel said the board has considered and approved the “Scheme of Amalgamation pursuant to section 230-232 and othJSW Steel on Thursday said its board has approved raising up to Rs 14,000 crore through the issuance of non-convertible debentures and equity shares.
The board has also approved the scheme of amalgamation of BMM Ispat with JSW Steel at an enterprise value of Rs 6,400 crore, the company said in a regulatory filing.
It said funds will be raised through the issuance of non-convertible debentures with warrants, which are convertible into or exchangeable with equity shares of the company of face value of Re 1 each (the equity shares) at a later date, for an amount not exceeding Rs 7,000 crore, inclusive of such premium as may be decided by the board.
Also, the company plans to issue equity shares and/or convertible securities (other than warrants) for an amount not exceeding Rs 7,000 crore, inclusive of such premium as may be decided by the board.
In a separate statement, JSW Steel said the board has considered and approved the “Scheme of Amalgamation pursuant to section 230-232 and oth Latest News [ SOBAN NEWS: International and National ]
