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26-Mar2018

JSPL raises Rs 1,200 crore through QIP

Jindal Steel and Power (JSPL) has raised Rs 1,200 crore by way of issue of equity shares through qualified institutional placement (QIP) basis.

The company has issued 51,502,145 equity shares of face value of Rs 1 each at a price of Rs 233 per share, including a premium of Rs 232.

JSPL is one of India's fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.


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