India, May 14 -- JSW Steel on Thursday said its board has approved raising up to Rs 14,000 crore through the issuance of equity shares and non-convertible debentures (NCDs).
The company also approved the amalgamation of BMM Ispat with JSW Steel at an enterprise value of Rs 6,400 crore, according to a regulatory filing.
JSW Steel said up to Rs 7,000 crore will be raised through the issuance of non-convertible debentures along with warrants, which can later be converted into or exchanged with equity shares of the company having a face value of Re 1 each. The remaining amount is expected to be raised through equity issuance and other approved instruments.
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