<ul><li>JSW Steel's board will meet on May 23 to consider raising funds through qualified institutional placement or issuance of non-convertible debentures.</li><li>The proposal includes raising long-term funds, such as QIP of permissible securities and issuance of Non-Convertible Debentures, subject to regulatory approvals.</li><li>JSW Steel previously aimed to raise around $900 million through loans from international lenders. The company will also release its March 2025 quarter results and may announce dividends.</li><li>In the last trading session, JSW Steel's shares closed 1.59% lower at Rs 1,021.80 apiece on the NSE. Analysts suggest a 'buy' rating on the stock with a 0.5% upside potential per Bloomberg data.</li></ul>

JSW Steel To Consider Fundraise Via QIP, NCD Issue On May 23

Discover more