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Jayaswal Neco Industries Limited ( (IN:JAYNECOIND) ) just unveiled an announcement.
Jayaswal Neco Industries Limited has announced the approval for issuing up to 180,000 unlisted, unrated, secured, redeemable, fully paid-up non-convertible debentures (NCDs) with a face value of INR 100,000 each, totaling INR 1,800 crore. This strategic move is aimed at enhancing the company’s financial structure and supporting its operational and growth objectives. The issuance is secured by a first-ranking charge over the company’s assets and a personal guarantee from its promoters, highlighting the company’s commitment to strengthening its financial position and ensuring stakeholder confidence.
More about Jayaswal Neco Industries Limited
Jayaswal Neco Industries Limited operates in the industrial sector, focusing on manufacturing and supplying a range of products including castings, iron and steel products. The company is known for its market focus on infrastructure and industrial projects, providing essential materials for construction and manufacturing industries.
Average Trading Volume: 1,283,656
Technical Sentiment Signal: Buy
Current Market Cap: 67.09B INR
Learn more about JAYNECOIND stock on TipRanks’ Stock Analysis page.