Jindal Worldwide to come out with Public Issue to finance expansion plans

Jindal Worldwide Ltd has announced that the Board of Directors of the Company at its meeting held on September 02, 2006 inter alia, has taken the following Decisions:

1. Proposed Divided @ 5% for the Year ended on March 31, 2006 on Equity Shares of the Company.

2. To Part Finance the expansion cum diversification plan, it was decided to come out with Public Issue of the suitable size as may he decided.

3. For major expansion in Denim Division, by Continues Dying Plant for Home Textile & Bottom wear & yarn Dyed Premium range made ups which will start shortly.

Source : Equity Bulls

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