JSW Holdings gains after seeking shareholders' nod for Rs 2500 crore transactions

JSW Holdings rose 2.26% to Rs 971.15 at 10:38 IST on BSE after the company sought shareholders' nod for financial transactions worth Rs 2500 crore with various entities, including group firm JSW Steel.

The announcement was made after market hours yesterday, 30 December 2014.

Meanwhile, the S&P BSE Sensex was up 64.52 points or 0.24% at 27,468.06.

On BSE, so far 6,679 shares were traded in the counter as against average daily volume of 9,170 shares in the past two weeks.

The stock hit a high of Rs 998.65 and a low of Rs 958.25 so far during the day.

JSW Holdings sought shareholders' nod for making investments in the securities of other corporates bodies, give loans, guarantees and provide securities for any loan facility to be availed by the other companies not exceeding Rs 2500 crore.

JSW Holdings' net profit rose 12.6% to Rs 20.94 crore on 15.1% growth in total income to Rs 27.20 crore in Q2 September 2014 over Q2 September 2013.

JSW Holdings is the investment arm of JSW Group.

Powered by Capital Market - Live News