Jindal Stainless has received approval to raise funds, along with any other co-issuer, by way of issue of debt securities including secured or unsecured non-convertible redeemable debentures or bonds or commercial paper or notes (listed/unlisted) or any combination thereof, through private placement basis or otherwise, in one or more tranches or any other method in the domestic / international market as may be permitted under the applicable law(s) up to an aggregate principal amount of Rs 3,500 crore or its equivalent in any freely convertible foreign currency. The board of directors of the company at their meeting held on February 7, 2022 has considered and approved the same.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
