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JSL Stainless gets nod to raise Rs 750 cr via QIP

01 Dec 2011 Evaluate

JSL Stainless has received an enabling resolution from shareholders to raise up to Rs 750 crore, which could be used to part-fund its Rs. 6000 crore greenfield plant in Orissa, through qualified institutional placement. The shareholders have also approved the change in the name of the company to 'Jindal Stainless Ltd' from 'JSL Stainless Ltd'.

Peers
Company Name CMP
JSW Steel 1273.20
Tata Steel 186.95
Steel Authority 176.90
Jindal Stainless 734.20
APL Apollo Tubes 2153.45
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