Profit

Jindal Power may get listed

PUBLISHED ON: December 5, 2007 | Duration: 2 min, 06 sec

  
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Jindal Steel is planning to list its power subsidiary Jindal Power and is considering pre placement of initial public offer (IPO) to private equity players.Jindal Steel & Power Ltd, the promoter of Jindal Power Ltd, is considering unlocking value for its shareholders through its power venture. When contacted by NDTV the management did not confirm but significantly did not deny it either. Meanwhile, the stock price has moved up 200 per cent in last three months.
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