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News JSW Cement launches US$477m IPO

JSW Cement launches US$477m IPO

Written by Global Cement staff 20 August 2024
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India: JSW Cement has filed an offer document with the Securities and Exchange Board of India for an initial public offer (IPO) of US$477m, according to NewsBytes. The IPO includes an equal split of fresh issue and offer-for-sale, each valued at US$239m. The funds will be used partly to finance a new integrated cement plant in Nagaur, Rajasthan, with US$95.5m allocated for this purpose, and US$86m used to reduce its existing debt, which stood at US$696m as of March 2024.

Last modified on 21 August 2024
Published in Global Cement News
Tagged under
  • India
  • JSW Cement
  • IPO
  • Securities and Exchange Board of India
  • GCW673
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