JSW Investments, a promoter group firm of JSW Steel, has raised stake in the steel maker by 0.10% to 5.43% for Rs 24.68 crore.
JSW Investments had 5.33% 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.
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The promoter group firm, which had 3.43% 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%. By the same period, JSW Steel's promoters held 37.31% stake in the firm.
Jindal South West Holdings and Jindal Energy Investments are the two promoter group firms which have more than 5% stake in the company.
JSW Steel's shares were trading at Rs 994.3 apiece, down 1.21%, during the afternoon trade on the BSE today.