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JSPL to raise INR 1,000 crore via QIP in February – Mr Naveen Jindal


PTI reported that Jindal Steel and Power Ltd (JSPL) will raise INR 1,000 crore through qualified institutional placement (QIP) route in February. JSPL chairman Mr Naveen Jindal said “We will raise INR 1,000 crore by equity sale next month.”

Besides, the company also plans to raise up to INR 2,000 crore by listing its Oman business on foreign exchange. He also said “There is plan to raise another INR 1,500- 2,000 crore in just four months by listing Oman operations on foreign exchanges.

If both figures are added then about INR 3,000 crore will be raised by JSPL during 4-6 months, Jindal said without disclosing that on which exchange Jindal Shadeed Oman will be listed.

Source : PTI