Jindal Drilling Enters Share Agreement with Citigroup
Jindal Drilling & Industries Ltd has allotted 12,00,000 equity shares on preferential basis to Citigroup at a price of Rs 1,280/- (including premium of Rs 1,270/-) per equity share of Rs 10/- each, aggregating to Rs 153.60 crores.
Jindal plans to utilize the funds for general corporate purposes including present and future capital expenditure program, long term working capital requirements and for ongoing and future business commitments and plans of the Company.
Manages 6 Offshore Rigs
- Lamprell Delivers Jackup Jindal Pioneer to Dev Drilling (Feb 04)
- Keppel FELS to Deliver Jackup Jindal Explorer to Star Drilling Shortly (Dec 03)
- Lamprell Makes Steady Progress during 2H 2013 (Nov 14)