Saturday , October 23 2021

Jindal Stainless gets nod to raise funds through various ways

Jindal Stainless has received approval to raise funds through issuance of Non-convertible Debentures (NCDs) of upto Rs 900 crore on private placement basis primarily to refinance existing debt/convertible instruments. The Board of Directors of the Company at its meeting held on August 05, 2019 has approved the same.

The board has also approved the issuance of securities for an aggregate amount of upto Rs 1,200 crore, by way of one or more public and/or private offerings on preferential allotment basis and/or qualified institutions placement and/or rights offering or any combination.

Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.

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