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JSW Steel to Raise Up to INR 1,000 crore via NCDs-2020 China(Guangzhou)Int’l Metal & Metallurgy Exhibitio
n-metal exhibition
3/2/2020 金属展-冶金展-钢铁展-steel expo-metal &metallurgy expo- |
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JSW Steel announced its plan to raise up to INR 1,000 crore through issuance of non-convertible debentures. JSW Steel informed BSE “The committee of directors of the issuer approved the allotment of 10,000 rated, listed, secured, redeemable, nonconvertible debentures bearing a face value of INR 10,00,000 each, aggregating to INR 1000,00,00,000.”
The proceeds will be used to meet long-term working capital requirements, refinance existing debt, general corporate purpose and ongoing capital expenditure
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