Jindal Stainless to raise Rs99 crore via NCDs allotment; Stock rises

30 Sep 2022 , 10:07 AM

Jindal Stainless Limited has informed that the Sub-Committee of the Board of Directors at its meeting held on September 28, 2022, has allotted 990 nos. ofrated, listed, unsecured, redeemable, non-convertible debentures having face value of Rs10,00,000/- (Rupees Ten Lakh only), aggregating to Rs99,00,00,000/- (Rupees Ninety Nine Crore only) (“NCDs”), on private placement basis

Further, the issue of aforesaid NCDs is within the overall limit of raising of funds upto an aggregate principal amount of Rs3, 500 crore as approved by the Board of Directors of the Company at their meeting held on February 07, 2022.

At around 10:05 AM, Jindal Stainless Ltd is currently trading at Rs122.15 per share up by Rs0.8 or 0.66% from its previous closing of Rs121.35 per share on the BSE.

The scrip opened at Rs120.05 per share and has touched a high and low of Rs122.75 per share and Rs120.05 per share respectively so far today. The current market cap of the company is Rs6,376.89 crore.

For feedback and suggestions, write to us at [e-mail]