JSW Steel promoter hikes stake in company to 4.74 pct

PTI Posted online: Monday, Dec 30, 2013 at 0000 hrs
New Delhi : JSW Investments, a promoter group firm of JSW Steel Ltd, has increased stake in the company by 0.13 per cent to 4.74 per cent for nearly Rs 32 crore through open market transactions.

JSW Investments had 4.61 per cent stake or 11,14,55,761 shares in the steel maker before it started buying, the company said in a filing with BSE today.

On December 20, it bought 4,132 shares for Rs 13.35 lakh, followed by another 12,000 shares for Rs 1.18 crore on December 23.

It again bought 1.35 lakh shares for Rs 13.35 crore on December 24 and 1.69 lakh shares on December 26 for Rs 16.93 crore.

Following the transactions, JSW Investments now holds 4.74 per cent stake or 1.13 lakh shares in JSW Steel.

As on September 30, JSW Steel's promoters held 36.25 per cent stake in the firm. Jindal South West Holdings and Jindal Energy Investments have more than five per cent stake in the company.

Shares of the company closed at Rs 1,020 apiece, up 1.30 per cent on the BSE today.