Jsw Paints Private Ltd announced that it has entered into Share Subscription Agreement with JSW Steel Limited for INR 7,500,000,000 in an equity round of funding on July 23, 2021. The company will receive the funding in 3-4 tranches between FY 2021-22 to FY 2024-25. The company will issue 1,62,16,215 equity shares at a price of INR 185 per share including a share premium of INR 175 per equity share for the proceeds of INR 299,99,99,775 in its first tranche by end of Q2 of FY 2021-22.

The transaction has been approved by board of directors of the company.