JSW Steel has raised Rs 2,000 crore from Life Insurance Corporation (LIC) through a bond offering. The company has raised fresh funds from 10-year bonds, at a yield of 8.79 percent payable quarterly, a source told Moneycontrol. — Moneycontrol

The debentures were secured by a charge over specific fixed assets up to 5 MTPA (million tonnes per annum) integrated steel plant at Dolvi Works located in the State of Maharashtra.

Khaitan & Co advised JSW Steel led by a team of partner Manisha Shroff, principal associate Rolwine Alva, associate Shekhar Shrivastava, associate Enakshi Jha and associate Pratibha Kedia.

2019-10-17

Deal value: INR 2000 Crores

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