At meeting held 21 May 2021
The Board of JSW Steel at its meeting held on 21 May 2021 has approved the raising of long term funds as follows:Issuance of non convertible debentures with warrants which are convertible into or exchangeable with equity shares of the company for an amount not exceeding Rs 7000 crore and/ or issue of equity shares and/or convertible securities (other than warrants) for an amount not exceeding Rs 7000 crore to qualified institutional buyers by way of a qualified institutional placement.
The Board also approved the issue of equity shares of the company by way of a rights issue for an amount not exceeding Rs 5000 crore.
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