JSW Steel gains; key shareholders raise stakes

Shares in JSW Steel gain 1 percent, adding to a surge of 4 percent on Monday after key shareholders raised their stakes in the company, dealers say.

The company on Monday informed the exchanges that promoter group companies JSW Investments Pvt Ltd and JSW Centre raised their stakes in JSW Steel to 5.03 percent from 4.92 percent and to 5.12 percent from 5.03 percent respectively last week.

The stake purchases are seen as signalling promoter confidence in the company and its valuations, dealers say.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Faith is the opium of the masses, so Indians get addicted

    India is a nation of 1.27 billion. Let that number sink in, with all its zeroes. That’s a lot of people.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

M S Swaminathan

Public good research in agriculture

Public good research in agriculture is designed to promote risk ...

Zehra Naqvi

To hell and back

Here is a book that makes you wish there were ...

Bubbles Sabharwal

When your real & reel life heroes are the same

ALL the world’s a stage and we all are merely ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture