JSW Cement has announced that it will launch its IPO in January 2025, with a value of Rs 4,000 crore. The IPO was previously delayed due to an investigation into regulatory violations involving Hexa Securities and Finance Co. and members of the Jindal family.
This move is aimed at strengthening JSW Cement"s capital and expanding its presence in the competitive cement market. The IPO will include a new issue of equity shares worth Rs 2,000 crore and an offer-for-sale of an equal amount by investor shareholders.
By launching the IPO, JSW Cement hopes to raise funds to support its growth plans and enhance its market position. This strategic move will enable the company to tap into new opportunities and further establish itself as a key player in the cement industry.