India's Jayaswal Neco rises on fundraising plan

Jayaswal Neco Industries

03/12/2025 04:46

** Jayaswal Neco JAYN.NS rises 2.81% to 70.37 rupees

** Steel manufacturer says board to consider and approve raising funds up to 18 bln rupees ($199.8 mln) on Friday

** Funds to be used to refinance existing debt

** YTD, JAYN up ~83%

($1 = 90.1130 Indian rupees)

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))