June 2, 2017:
Shares of Jindal Steel & Power may come under pressure as it has not made payments on interest towards four non-convertible debentures due on May 1 and May 31, respectively, the company informed the stock exchanges. The NCDs, with maturities ranging from four to six years, were issued in 2014 and 2015 for a combined total of ₹3,750 crore. The interest amount dues for April (payable on May 1) were ₹14.916 crore and ₹14.219 crore (payable on May 31).
(This article was published on June 2, 2017)
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