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Outcome of board meeting of JSW Steel

Capital Market 

Held on 17 May 2017

The Board of Directors of has approved raising of long term funds through issue of non-convertible foreign currency/ rupee denominated senior unsecured fixed rate bonds upto USD 1 billion in one or more tranches in international markets. The Board also approved the raising of additional long term funds to meet approved capital expenditure and/or for general corporate purposes, an amount not exceeding Rs 10,000 crore in the aggregate, by a combination of rupee term loan / non-convertible debentures / ECA/ ECB.

The Board has approved the appointed of P Hemalatha in place of Naveen Raj Singh, as Nominee Director of Karnataka State Industrial and Infrastructure Development Corporation. The board also approved appointment of Hiroyuki Ogawa in place of Hiromu Oka as Nominee Director of JFE Steel Corporation, Japan.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 17 2017. 17:58 IST