Jindal Stainless has received an approval for raising up to Rs 162.8 crore through issue of convertible equity warrants. The board of directors of the company at its meeting considered and approved raising funds through issue of convertible equity warrants for an amount up to Rs 162.8 crore on preferential basis.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.