JSW Steel Ltd Board to consider FY20 results & Dividend, fund raising on May 22, 2020

A meeting of the Board of Directors of JSW Steel Ltd is scheduled to be held on May 22, 2020, to consider the Audited Financial Results of the Company for the quarter and year ended March 31, 2020, the Recommendation of payment of dividend on the Equity Shares of the Company and for considering raising of long term funds including through; a) Issuance of Non-Convertible Senior Unsecured Fixed Rate Bonds in the International Markets; and/or b) through Qualified Institutions Placement of permissible securities; and/or c) through issuance of Foreign Currency Convertible Bonds / Global Depository Receipts ("GDR") / American Depository Receipts ("ADR")/ Warrants and/or other instruments convertible into Equity Shares optionally or otherwise and/or through any other mode permitted under applicable law, as the Board of Directors may determine to be in the best interests of the Company, subject to such regulatory/statutory approvals as may be required.

Shares of JSW STEEL LTD. was last trading in BSE at Rs.163.25 as compared to the previous close of Rs. 174.15. The total number of shares traded during the day was 421010 in over 3464 trades.

The stock hit an intraday high of Rs. 177.3 and intraday low of 162.05. The net turnover during the day was Rs. 70539333.

Source : Equity Bulls

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