trending Market Intelligence /marketintelligence/en/news-insights/trending/-aHNZbWOUPOEiyb9X8Atig2 content esgSubNav
In This List

Jindal Steel raises 12B rupees in share offering

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


Jindal Steel raises 12B rupees in share offering

Jindal Steel & Power Ltd. raised 12 billion Indian rupees in a qualified institutional placement.

The company sold 51,502,145 equity shares at 233 rupees apiece to qualified institutional buyers.

The oversubscribed placement was launched March 20.

Jindal Steel will use the funds raised for future capital expenditures and working capital requirements, to pay its operational and capital expenditure creditors as well as certain long-term loans.

As of March 23, US$1 was equivalent to 64.96 Indian rupees.