Mumbai, December 4 (Udaipur Kiran): Shares of JSW Steel were trading higher on the BSE on Wednesday after the company announced the completion of acquisition of 100 per cent equity interest in Saffron Resources. The stock was trading at Rs. 1152.75, up by Rs. 5.25 or 0.46 per cent from its previous close of Rs. 1147.50.
The scrip opened at Rs. 1160.35 and touched an intra-day high of Rs. 1165.00 and a low of Rs. 1145.00. A total of 25,738 shares were traded on the counter during the session.
The BSE Group ‘A’ stock with a face value of Rs. 1 has recorded a 52-week high of Rs. 1223.75 on October 29, 2025, and a 52-week low of Rs. 879.60 on January 13, 2025. Over the last one week, the stock has moved between a high of Rs. 1185.00 and a low of Rs. 1104.00. The current market capitalisation of the company stands at Rs. 2,81,899.71 crore.
The promoter shareholding in the company is at 45.32 per cent, while institutional and non-institutional investors hold 36.93 per cent and 17.75 per cent respectively.
JSW Steel informed that it has completed the acquisition of 100 per cent equity interest in Saffron Resources on December 3, 2025, in accordance with the Share Purchase Agreement, as amended from time to time. With this, Saffron Resources has now become a wholly owned subsidiary of the company.
JSW Steel is one of India’s leading steel manufacturers with production facilities in Karnataka and Maharashtra, engaged in the manufacture of crude steel, long steel and flat steel products.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
