JSW arm promoter hikes stake in company to 4.74%
JSW Investments, a promoter group firm of JSW Steel, has increased stake in the company by 0.13% to 4.74 per cent for nearly R32 crore through open market transactions. JSW Investments had 4.61% stake, or 11,14,55,761 shares, in the steel maker before it started buying, the company said in a filing with BSE. On December 20, it bought 4,132 shares for R13.35 lakh, followed by another 12,000 shares for R1.18 crore on December 23. It again bought 1.35 lakh shares for R13.35 crore on December 24 and 1.69 lakh shares on December 26 for R16.93 crore.