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JSW Infra hiring investment bankers for IPO - The Hindu BusinessLine
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JSW Group rolls out Esop for all employees from shop floor to top brass
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JSW Cement to raise Rs 1,500 cr from Apollo Global Management, Synergy Metals
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Apollo Global, Synergy Fund may invest Rs 1,500 crore in JSW Cement
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The company will issue compulsorily convertible preference shares (CCPS) to the investors, who will put in ₹750 crore each at a post-money valuation of around ₹8,500-₹8,750 crore.
Agencies
Apollo Global Management is doubling down on Sajjan Jindal led JSW Group, joining Synergy Metals Investments for a Rs 1500 crore capital raise in the conglomerate’s cement business run by his son Parth, to fund its growth plans to become a 25 million tonnes scaled operations, said people in the know.
The capital raise coincides with an uptick in demand from real estate and construction after lockdown resulting in most cement stocks outperform the Nifty over the past month and past year.
JSW Steel records highest-ever profit of ₹5,900 cr in Q1 - The Hindu BusinessLine
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