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