Jindal Stainless Board of Directors approves fundraising up to Rs 3500 cr

During the meeting of February 07, 2022

The Board of Directors of Jindal Stainless, at its meeting of February 7, 2022, approved the raising of funds with any other co-issuer, by way of issuance of debt securities, including debentures or non-redeemable bonds. secured or unsecured convertible bonds, or commercial paper or notes (listed/unlisted) or any combination thereof, through private placement or otherwise, in one or more tranches or any other method in the domestic market /international, as permitted by applicable laws up to an aggregate principal amount of Rs. 3,500 Crores or its equivalent in any freely convertible foreign currency.

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First published: Mon 07 Feb 2022 15:54 IST

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