Jindal Power $1.6 billion IPO to hit by April: Source
Jindal Power had filed papers for the $1.6 billion IPO in December 2009, joining a raft of energy firms that have tapped the Indian stock market.
Jindal Power, a unit of Jindal Steel & Power Ltd, is likely to launch its Rs72 billion initial public offering by March or April, "if market conditions are okay," a source with direct knowledge of the matter said on Monday. Jindal Power had filed papers for the $1.6 billion IPO in December 2009, joining a raft of energy firms that have tapped the Indian stock market.