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.
JSW Cement launches US$477m IPO
URL: https://www.globalcement.com/news/item/17766-jsw-cement-launches-us-477m-ipo
© 2025 Pro Global Media Ltd. All rights reserved.