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The board of directors of JSW Steel on Thursday approved the issue of equity shares of the company by way of a ₹5,000-crore rights issue. The board has formed a sub-committee to decide on the terms and conditions of the proposed issue, including the rights entitlement ratio, issue price, record date, timing of the issue and other related matters. The board will also fix the record date to identify the eligible shareholders. Investors will closely monitor the development further.
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