The board approved the allotment of unsecured, listed, rated, redeemable, non-convertible debenture having face value of 1 lakh each, aggregating to Rs 1,500 crore at coupon rate of 7.85% per annum.
The tenure of the instrument is 1 year and 10 days from the deemed date of allotment (29 march 2023). The NCDs will be listed on BSE.
JSW Steel ls the flagship business of the diversified, JSW Group, is India's leading integrated steel company with a steel-making capacity of 28.5 MTPA in India and the USA (including capaclties under joint control).
The company reported 90% drop in consolidated net profit to Rs 474 crore in Q3 FY23 from Rs 4,516 crore in Q3 FY22. Revenue from operations rose by 3% YoY to Rs 39,134 crore during the quarter.
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