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JSW Holdings stock up 3%

JSW Holdings seeks shareholders nod for financial transactions worth Rs 2,500 crore.

December 31, 2014 9:24 IST | India Infoline News Service
JSW Holdings Ltd has informed BSE that the members of the Company will consider to approve the special resolutions, by way of Postal Ballot.

JSW Holdings, the investment arm of the JSW Group, has sought shareholders nod for financial transactions worth Rs 2,500 crore with various entities, including group firm JSW Steel.

The promoter group entity also approached shareholders for approval to give guarantee, mortgage or pledge, among others, on properties of the company. In this regard, the limit would be up to Rs 2,200 crore.  

At 9.27 AM, the stock was up 2.83% at Rs. 976.50. The stock has hit a high of Rs. 999 and a low of Rs. 958.25.

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