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JSW Holdings Ltd.

BSE: 532642 Sector: Financials
NSE: JSWHL ISIN Code: INE824G01012
BSE LIVE 15:53 | 22 Sep 1906.25 5.05
(0.27%)
OPEN

1965.00

HIGH

1965.00

LOW

1870.00

NSE 15:56 | 22 Sep 1909.15 7.10
(0.37%)
OPEN

1891.95

HIGH

1928.40

LOW

1869.05

OPEN 1965.00
PREVIOUS CLOSE 1901.20
VOLUME 198
52-Week high 2007.00
52-Week low 1150.00
P/E 25.88
Mkt Cap.(Rs cr) 2,116
Buy Price 1906.25
Buy Qty 12.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1965.00
CLOSE 1901.20
VOLUME 198
52-Week high 2007.00
52-Week low 1150.00
P/E 25.88
Mkt Cap.(Rs cr) 2,116
Buy Price 1906.25
Buy Qty 12.00
Sell Price 0.00
Sell Qty 0.00

JSW Holdings Ltd. (JSWHL) - Company History

Jindal South West Holdings Limited (JSWHL) was incorporated in 12th July of the year 2001 as a Non Banking Financial Company (NBFC) registered with Reserve Bank of India (RBI). JSWHL is an Investment Company of the JSW Promoters Group with its investment mainly in Jindal Group of Companies with other companies. The main business activities of the company are Investment in shares, stocks, or other securities in India or abroad and to provide management consultancy services. The Scheme of Arrangement and Amalgamation between Jindal Iron and Steel Company Ltd, JSWHL Jindal Vijayanagar Steel and their respective members and creditors envisaged: Demerger of the Investment Division (Investments and Related Loans and Advances) of JISCO into the company. As part of the strategic restructuring of the Jindal group, the company entered into a scheme of arrangement and amalgamation with Jindal Iron & Steel Co. (JISCO) and Jindal Vijayanagar Steel (JVSL), where the investments, related loans and advances of JISCO were demerged into the company. With an intention of Jindal Group to enter the Aluminium arena, the company had signed a Memorandum of Understanding (MOU) with the Government of Andhra Pradesh (AP) in July of the year 2005. The MOU envisaged incorporation and promotion of a company by the company or its associate / group companies, which set up the Alumina and Aluminium Refinery and Smelter plants near Vishakapatnam. The Company had obtained a certificate of Registration as Non Banking Financial Company (NBFC) from the Reserve Bank of India under Section 451A of The Reserve Bank of India Act, 1934 in the year of 2005. During the year 2006, the company had changed its registered office from Mumbai to Delhi.