Jindal Steel & Power Ltd has informed BSE that Jindal Power Ltd. (JPL), a subsidiary of the Company, proposes a Public Issue of equity shares through 100% book building method in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and has filed a Draft Red Herring Prospectus with the Securities and Exchange Board of India.
Pursuant to this, JPL proposes to raise INR 7,200 Crores and intends to utilize the net proceeds of the Issue to part finance the construction and development of various Thermal Power Projects and party for the General Corporate Purposes.
In the regard, the Company has submitted to BSE a copy of Press Release issued by JPL dated December 29, 2009 titled "Jindal Power Limited files DRHP with SEBI".
Tuesday, December 29, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment