JSW Steel promoter hikes stake marginally for Rs 25 cr

JSW Investments, a promoter group firm of JSW Steel, has raised stake in the steel maker by 0.10 per cent to 5.43 per cent for Rs 24.68 crore.

JSW Investments had 5.33 per cent stake or 1.29 crore shares in JSW Steel before the transactions, held on the National Stock Exchange in two tranches, the company said in a regulatory filing today.

JSW Investments had bought 1.5 lakh shares on January 10 for Rs 15.39 crore, and 91,000 shares on January 13 for Rs 9.29 crore.

Following these transactions, JSW Investments hold 5.43 per cent stake or 1.3 crore shares in the firm, as on January 14.

The promoter group firm, which had 3.43 per cent stake in JSW Steel as on September-end, has been acquiring shares from the open market.

By December-end, it had already raised its stake to 4.1 per cent. By the same period, JSW Steel’s promoters held 37.31 per cent stake in the firm.

Jindal South West Holdings and Jindal Energy Investments are the two promoter group firms which have more than 5 per cent stake in the company.

JSW Steel's shares were trading at Rs 994.3 apiece, down 1.21 per cent, during the afternoon trade on the BSE today.


  • Centre and states must cooperate to get the economy moving

    Mirroring the previous three quarters, another round of tepid corporate earnings announcements are expected in a few days from now.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Arun Nigavekar

Ranking of higher education institutions

Given the massive popularity and growing influence of world university ...

Rajgopal Nidamboor

The pursuit of serene stillness

It may sound strange — that every change in the ...

Dharmendra Khandal

How positive intervention can go a long way

Ten years ago, Sariska tiger reserve declared that there were ...


William D. Green

Chairman & CEO, Accenture