Jindal Power files DRHP with SEBI, to raise Rs 7200 cr

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Jindal Power files DRHP with SEBI, to raise Rs 7200 cr

Jindal Power (JPL), a subsidiary of the Jindal Steel & Power, proposes a public issue of equity shares through 100% book building method and has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

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Jindal Power (JPL), a subsidiary of the Jindal Steel & Power  (JSPL), proposes a public issue of equity shares through 100% book building method and has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

JPL proposes to raise Rs 7,200 crore and intends to utilize the net proceeds of the issue to part finance the construction and development of various Thermal Power Projects and party for the general corporate purposes.

At 15:17 pm, JSPL was trading at Rs 728.50, up Rs 2.80, or 0.39%. Its current market cap stood at Rs 67,807.46 crore.