Jindal Power, a subsidiary of Jindal Steel & Power (JSPL), has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for a public issue of equity shares through 100 per cent book building method.
Jindal Power proposes to raise Rs 7,200 crore and intends to utilise the net proceeds of the issue to part finance the construction and development of various thermal power projects and partly for the general corporate purposes.
JM Financial Consultants, Enam Securities, Deutsche Equities India, Goldman Sachs (India) Securities, ICICI Securities, UBS Securities India and SBI Capital Market are acting as the book running lead managers to the issue while Motilal Oswal Investment Advisors is acting as co-book running lead managers.
JSPL is engaged in the manufacturer of steel and captive power generation.
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