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JSPL spurts on subsidiary raising Rs 500 crore via issue of NCDs to Kotak Mahindra Bank

22 Dec 2014 Evaluate

Jindal Steel & Power (JSPL) is currently trading at Rs. 142.60, up by 5.60 points or 4.09% from its previous closing of Rs. 137.00 on the BSE.

The scrip opened at Rs. 139.00 and has touched a high and low of Rs. 143.50 and Rs. 138.25 respectively. So far 324262 shares were traded on the counter.

The BSE group 'A' stock of face value Re. 1 has touched a 52 week high of Rs. 350.00 on 09-Jun-2014 and a 52 week low of Rs. 125.05 on 17-Dec-2014.

Last one week high and low of the scrip stood at Rs. 142.00 and Rs. 125.05 respectively. The current market cap of the company is Rs. 13014.51 crore.

The promoters holding in the company stood at 60.48 % while Institutions and Non-Institutions held 25.91 % and 13.61 % respectively.

Jindal Steel & Power’s (JSPL) subsidiary - Jindal Power has raised an amount of Rs 500 crore from Kotak Mahindra bank. The executive sub-committee of directors of the company at its meeting held on December 22, 2014 allotted 5,000 Privately Placed Rated Redeemable Unsecured Non-Convertible Debentures (NCDs) for cash at par aggregating to Rs 500 crore in three series to the bank.

JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.

Jindal Steel Share Price

1256.15 2.95 (0.24%)
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