This will be done from global capital markets to meet its long-term capex requirement and loan refinancing, among others. The steelmaker will place the enabling resolution before its shareholders next month. It is in the interest of the company to raise long-term resources with convertible option so as to optimise capital structure for future growth.

JSW Steel to approach shareholders to raise up to $2 Bn

Leave a Reply

Your email address will not be published. Required fields are marked *