JSW Steel today said one of its promoters, JSW Investments, has raised stake in the company to 3.66% by acquiring additional shares for Rs 3.3 crore.
JSW Investments bought 45,000 shares through open market purchase on the National Stock Exchange, the company said in a regulatory filing to the BSE.
Following the acquisition of additional shares, JSW Investments' holding in JSW Steel has increased from 3.64% to 3.66%, it said.
Shares of JSW Steel closed Rs 732.25 apiece, up 0.72% from the previous close on the BSE.
In a separate filing to the BSE, the steel major said JSW Energy Investments, one of its promoters, has pledged 1.41 million shares with IDBI Trusteeship Services.
JSW Energy Investments had 13.7 million shares in the company before the transaction.
