JSW Group plansIPO for its Cement & Energy companies…
The JSW group may revive its initial public offering (IPO) plans for its two companies, JSW Cement and JSW Energy.
- The group is reworking on draft red herring prospectuses (DRHPs) and may hit the market in a year..
- JSW Energy is looking to raise Rs 5,000 crore from the stock market to fund its Rs 12,000 crore, 4000 mw power plant projects.”Work on DRHPs is on.
- However, Seshagiri Rao, joint managing director and group CFO, JSW Steel, said, “We don’t want to hurry, and first want to see some IPOs going through the market successfully.” He said that the sustainability has to be seen before going forward with the IPOs.
- Moreover, market dynamics are changing very fast. So, they are in plan of thinking on it.
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