JSW Steel Plans To Raise Up To $2 Billion From Foreign Investors

New Delhi: Sajjan Jindal-led JSW Steel will approach shareholders to raise up to $2 billion from global capital markets to meet its long-term capex requirement and loan refinancing, among others. The steelmaker will place the enabling resolution before its shareholders next month, the company said in a regulatory filing. It is in the interest of the company to raise long-term resources with convertible option so as to optimise capi...