General Announcement::Issue of equity shares of the Company by way of a rights issue

Issuer & Securities

Issuer/ Manager
JSW STEEL LIMITED
Securities
JSWSTEELUS$500M4.75%N191112 - XS1133588233 - 20PB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
25-Oct-2018 19:58:52
Status
New
Announcement Sub Title
Issue of equity shares of the Company by way of a rights issue
Announcement Reference
SG181025OTHRS96I
Submitted By (Co./ Ind. Name)
JSW STEEL LIMITED
Designation
Company Secretary
Effective Date and Time of the event
25/10/2018 15:10:00
Description (Please provide a detailed description of the event in the box below)
We hereby inform you that the Board of Directors has at its meeting held today, approved the issue of equity shares of the Company ( Equity Shares ) by way of a rights issue to the existing shareholders of the Company on the record date to be fixed for the purpose, subject to such regulatory / statutory approvals as may be required, for an amount not exceeding Rs.5,000 crores, in accordance with the applicable provisions of the Companies Act, 2013, as amended, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (with effect from November 10, 2018), as applicable, along with other applicable laws (the Issue ).

Further, for the purpose of giving effect to the Issue, the Board has authorized the Finance Committee , a sub-committee of the Board of Directors, to decide on the terms and conditions of the Issue including the rights entitlement ratio, issue price, record date, timing of the Issue and other related matters.