JSPL Closes the QIP, to Raise Rs. 1200 Crore
JSPL Closes the QIP, to Raise Rs. 1,200 Crore Jindal Steel and Power Limited (JSPL) today closed the Qualified Institutions Placement (QIP) issue launched three days ago on March 20th 2018. The company will raise Rs. 1,200 crore through the QIP. The board of JSPL approved the issuance of shares at Rs. 233 per share, which was Rs. 5.85 above the floor price. The order book was oversubscribed with significant interest coming from domestic and foreign long term investors.