Jindal Saw has informed that the Board of Directors in their meeting held today, January 11, 2021, approved the following: Issuance of listed, secured, taxable, redeemable, non-convertible debentures (Debentures), in one or more tranches, aggregating up to Rs 1,000 crores on private placement basis to the investors to be identified through Electronic E-biding Platform (EBP); and the proposal of winding up of Jindal International FZE (UAE), a step down subsidiary of the Company which is dormant since its incorporation.
The above information is a part of company’s filings submitted to BSE.
