06
May
14:10
JSPL scraps Shadeed IPO, seeks strategic investor
Jindal Steel & Power (JSPL) is seeking a strategic investor for its Oman-based steelworks rather than carrying out an initial public offering for the unit, a senior JSPL official confirms to Kallanish.
The Covid-19 “… pandemic has created a lot of uncertainties in the world; therefore, it looks very difficult to attract investors through the IPO route,” the official says. “This is the reason we are exploring the possibilities…
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Anonymous
Very good overview of the weekly steel market.
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