Jindal Worldwide Approves ₹650 Cr Rights Issue to Go Debt-Free by FY27

Jindal Worldwide Limited's Board of Directors has approved a Rights Issue of up to ₹650 crore to its existing shareholders. The primary objective of this fundraise is to significantly strengthen the company's balance sheet and achieve a debt-free status by FY27. This strategic move aims to enhance financial flexibility, reduce interest costs, improve the credit profile, and unlock resources for future growth, positioning the company for a more resilient and profitable future. Shareholder consent will be sought for an increase in the authorized share capital to facilitate the issue.