JSW Cement Files DRHP for Rs 4,000 Crore IPO

 Mumbai: JSW Cement part of the JSW Group filed a draft red herring prospectus with Securities and Exchange Board of India for Rs 4,000 crore initial public offering. The public offer comprises of a fresh issue of Rs 2000 crore and an offer for sale of Rs 2,000 crore by investor selling shareholders - Synergy Metals Investments, AP Asia Opportunistic Holdings and State bank of India.Net proceeds from the fresh issue will be used to partly finance proposed cement plant in Nagaur, Rajasthan - a state rich in key raw mineral limestone.