Board of Jindal Saw approves issuance of NCDs up to Rs 1000 cr

At meeting held on 11 January 2021

The Board of Jindal Saw at its meeting held on 11 January 2021 has approved the issuance of listed, secured, taxable, redeemable, non-convertible debentures (Debentures), in one or more tranches, aggregating up to Rs. 1,000 crore on private placement basis to the investors to be identified through Electronic E-biding Platform (EBP). The Board also approved the proposal of winding up of Jindal International FZE (UAE), a step down subsidiary of the Company which is dormant since its incorporation.

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