Category India News.

Jindal Cotex is coming out with an initial public offering (IPO) of 1,24,53,894 equity shares of face value of Rs 10 each for cash at a price of Rs 70-75 per equity share aggregating Rs 87.18-93.40 crore, as per the RHP filed by the company with the market regulator SEBI (Securities and Exchange Board of India). Jindal Cotex has current installed capacity of 23,472 spindles for acrylic, cotton blended and polyester yarns with a manufacturing capacity of 6500 TPA. The Jindal Cotex Company had taken a short term loan of Rs.500 lacs from Punjab and Sind Bank, which was due for repayment on May 14, 2009. Jindal Cotex requested the bank to roll over the loan, and it is now due on November 14, 2009.

Tags: jindal cotex ipo, jindal cotex limited, jindal cotex ltd

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