JSPL board has approved Jindal Power’s IPO plan
2009 December 10
Jindal Steel & Power’s JSPL board has approved Jindal Power’s IPO plans; will raise Rs 10,000 crore via IPO
Jindal Steel & Power’s JSPL board has approved Jindal Power’s JPL IPO plans. JPL will raise Rs 10,000 crore via IPO, reports CNBC-TV18.
According to BSE press release – Jindal Power (JPL), a subsidiary of the company has informed that their board of directors in its meeting held on December 10, 2009 has decided, subject to approval of shareholders, to go for initial public offer (IPO) of the equity shares of Rs 10 each upto amount of Rs 10,000 crore). Jindal Power will be holding Extra Ordinary General Meeting of the members of the company for obtaining their approval for the said IPO.
JSPL closed at Rs 731.05, up 1% on the BSE
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