New Delhi, Dec 10 : Power producer Jindal Power Ltd(JPL) is planning to raise about Rs 10,000 crore through aninitial public offering.
Jindal Power's board of directors, which met today, hasdecided to go for initial public offer (IPO) for raising up toRs 10,000 crore, Jindal Steel & Power Ltd said in a filing tothe National Stock Exchange (NSE) today.
Jindal Power is a subsidiary of Jindal Steel & Power Ltd (JSPL).
"Jindal Power will be holding an extra ordinary generalmeeting of the members of the company for obtaining theirapproval for the said IPO," it added.
The company did not disclose details of the proposed IPO.
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