Breaking News

You are here » Indian-Commodity  :  Top News  :  JSPL raises Rs 1,200 crore through QIP

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.


Related News

View all news

Crude oil futures settle higher as OPEC looks to stick to output cuts through June

Crude oil futures ended higher on Monday as Organization of the Petroleum Exporting Countries (OPEC) and its allies looked set to continue their crude production cuts until June. The Joint Ministerial......

Jeera futures trade higher on lower output

Jeera futures traded higher on NCDEX, on the back of increased buying due to lower output amid lower acreage in Gujarat. Besides, expectations of improving domestic demand for new season crop also fuelled......

Turmeric futures trade lower on profit booking

Turmeric futures traded lower on NCDEX on profit booking amid new season arrivals and good production prospects. Moreover, subdued demand for the crop in the spot markets too triggered the downside momentum.The......

Top News

View all news

L&T, Voltas and Canara Bank to see some action today

Larsen & Toubro (L&T) has entered into a definitive Share Purchase Agreement (SPA) with V G Siddhartha and his related entities namely, Coffee Day Trading & Coffee Day Enterprises,......

L&T to acquire 20.32% stake in Mindtree

Larsen & Toubro (L&T) has entered into a definitive Share Purchase Agreement (SPA) with V G Siddhartha and his related entities namely, Coffee Day Trading & Coffee Day Enterprises,......

Voltas launches new range Adjustable Inverter ACs

Voltas has further strengthened its leadership position in the Cooling Products space, by launching its new range of Voltas Adjustable Inverter ACs. Voltas' Adjustable Inverter AC comes with the unique......