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JSW Cement Secures Sebi Nod for Rs.40 Billion IPO
Cement

JSW Cement Secures Sebi Nod for Rs.40 Billion IPO

JSW Cement, part of the Sajjan Jindal-led JSW Group, has received approval from the Securities and Exchange Board of India (SEBI) for its `40 billion (bn) initial public offering (IPO). This includes a Rs.20 bn fresh equity issue and a Rs.20 bn offer-for-sale from existing shareholders, such...

JSW Cement, part of the Sajjan Jindal-led JSW Group, has received approval from the Securities and Exchange Board of India (SEBI) for its `40 billion (bn) initial public offering (IPO). This includes a Rs.20 bn fresh equity issue and a Rs.20 bn offer-for-sale from existing shareholders, such as Apollo Global Management and SBI. Marking a milestone, it is the first significant cement sector IPO since Nuvoco Vistas' `50 bn offering in 2021. Proceeds will fund key projects, including a new cement unit in Rajasthan and debt repayment. JSW Cement aims to expand its capacity and further strengthen its green cement focus.Contact: JSW CementWebsite: www.jswcement.inEmail: info@jswcement.in

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Marengo Asia To Invest Rs 1.5 Billion In West India Expansion

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