Jindal Saw Limited to raise Rs. 1000 crores through NCDs

The Board of Directors of Jindal Saw Limited in their meeting held today i.e. January 11, 2021, approved the issuance of listed, secured, taxable, redeemable, non-convertible debentures (Debentures), in one or more tranches, aggregating up to Rs. 1,000 crores (Rupees One Thousand Crores Only) on private placement basis to the investors to be identified through Electronic E-biding Platform (EBP).

The board also approved the proposal of winding up of Jindal International FZE (UAE), a step down subsidiary of the Company which is dormant since its incorporation.

Shares of JINDAL SAW LTD. was last trading in BSE at Rs.82.3 as compared to the previous close of Rs. 83.4. The total number of shares traded during the day was 177425 in over 1353 trades.

The stock hit an intraday high of Rs. 84.95 and intraday low of 82.05. The net turnover during the day was Rs. 14799707.

Source : Equity Bulls

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