Published on Thu, Dec 24, 2009 at 13:19 | Source : Reuters
Updated at Thu, Dec 24, 2009 at 16:17
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Jindal Power hires bankers for IPO
Jindal Power, a unit of Jindal Steel & Power, has hired eight banks including Deutsche Bank, UBS, and Goldman Sachs for an initial public offering to raise about USD1.5 billion
Jindal Power, a unit of Jindal Steel & Power, has hired eight banks including Deutsche Bank, UBS, and Goldman Sachs for an initial public offering to raise about USD1.5 billion, two sources with direct knowledge of the deal said.
The regulatory application for the IPO was expected to be filed over the next few days, said one source, who declined to be named as he is not authorised to speak to the media.
The other arrangers are ICICI Securities, Enam, JM Financial, IDFC-SSKI and SBI Capital Markets, the sources said.
