Jindal Drilling's Singapore JVs may list its securities
Jindal Drilling & Industries today said the company's Singapore joint ventures may explore opportunities for raising funds and listing its securities in that country.
By PTI |
MUMBAI: Jindal Drilling & Industries today said the company's Singapore joint ventures may explore opportunities for raising funds and listing its securities in that country.
"To unlock the value, the Singapore JVs may explore the opportunities in future for raising funds and listing of their securities in Singapore," the firm said in a filing to the Bombay Stock Exchange
According to the filing, the delivery of rigs in the firm's Singapore JVs is expected to take during the third or fourth quarter of the current financial year.
The company was responding to a media report that it might list its Singapore SPVs Discovery & Drilling. The report also said the firm would form a holding company and bring both SPVs under it.
Shares of the firm closed at Rs 1469.95, up 3.67 per cent on the BSE.
"To unlock the value, the Singapore JVs may explore the opportunities in future for raising funds and listing of their securities in Singapore," the firm said in a filing to the Bombay Stock Exchange
According to the filing, the delivery of rigs in the firm's Singapore JVs is expected to take during the third or fourth quarter of the current financial year.
The company was responding to a media report that it might list its Singapore SPVs Discovery & Drilling. The report also said the firm would form a holding company and bring both SPVs under it.
Shares of the firm closed at Rs 1469.95, up 3.67 per cent on the BSE.
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