Disclosure under Regulation 30 of the SEBI

May 10, 2021 IGAL/SECT/05-21/04 

To National Stock Exchange of India Limited Exchange Plaza,
C - 1, Block G Bandra Kurla Complex Bandra - (E)
Mumbai - 400 051 Symbol: INDIGO 

To 

Department of Corporate Services
BSE Limited Phiroze Jeejeebhoy Towers
Dalal Street Mumbai - 400 001
Scrip Code: 539448 

Dear Sir / Madam,

Re : Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI LODR Regulations“)

Further to the filing dated May 7, 2021 and in compliance with Regulation 30 of the SEBI LODR Regulations, we hereby inform you that the Board of Directors of InterGlobe Aviation Limited (the "Company"), at its meeting held today, i.e., May 10, 2021, has approved the raising of funds for an aggregate amount not exceeding INR 3,000 Crores (Indian Rupees Three Thousand Crores)
through an issue of equity shares by way of a Qualified Institutions Placement, in accordance
with the relevant provisions of applicable laws and subject to approval of the Company's
shareholders and receipt of applicable regulatory approvals. 

This is for your information and records. Thanking you, For InterGlobe
Aviation Limited Sanjay Gupta Company Secretary and Chief Compliance Officer InterGlobe Aviation Limited Registered Office: Upper Ground Floor, Thapar House,

Gate No. 2, Western Wing, 124 Janpath, New Delhi – 110 001, India. M +91 9650098905, F + 91 11 43513200 Email: corporate@goindigo.in Corporate Office: Level1, Tower C, Global Business Park, M G Road, Gurgaon - 122 002, Haryana, India. T +91 124 435 2500. F + 91 124 406 8536 CIN no.: L62100DL2004PLC12976

லம்பக் கலையில் சிறந்து விளங்கும்

            லம்பக் கலையில் சிறந்து  விளங்கும் வேலம்மாள் பள்ளி மாணவர்  

 
முகப்பேர் வளாகத்தில் உள்ள வேலம்மாள் முதன்மைப் பள்ளியின் 7 ஆம் வகுப்பு மாணவர் செல்வன் ரோஹித். வி,அண்மையில் சென்னை ஃபாரெக்ஸ் மைதானத்தில் நடைபெற்ற தமிழகத்தின் பரம்பரிய வீர விளையாட்டுப் போட்டி -2021 இல் கலந்து கொண்டு சிலம்பட்டத்திற்கான "மகாகுரு ஜம்பு ஆசான்" நினைவுப் பரிசை வென்றார்.

 இப்போட்டியினை சென்னை மாவட்ட சிலம்பாட்டக் கழகம்   ஏற்பாடு செய்திருந்தது. இது தமிழ்நாட்டின் பாரம்பரிய தற்காப்புக் கலையின் வளமான பாரம்பரியத்தை மீண்டும் மக்களிடம் கொண்டு சேர்ப்பதாக அமைந்திருந்தது.
தமிழ்ப் பாரம்பரியத்தின் நுட்பத்தை வெளிப்படுத்தும் சிலம்பாட்டத்தில்
மாணவரின் மகத்தான இச்சாதனையைப்  சாதனையைப் பள்ளி நிர்வாகம்  வியந்து பாராட்டியுள்ளது.

JSPL to divest its coal fired power business to

 JSPL to divest its coal fired power business to reduce emissions, debt

To significantly reduce JSPL carbon footprint by almost 50%

Key Highlights

● Cash Proceeds of Rs.3,015 crores to be received at closing

● Transaction in line with ESG objectives and debt reduction strategy of JSPL to create a robust balance sheet

● Enhanced Focus on India Steel business and upcoming Angul plant expansion from 6 MTPA to 12 MTPA

Chennai,  27th April 2021: Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we wish to inform you that Jindal Steel & Power Limited ("JSPL" or "the Company") has accepted a binding offer from Worldone Private Limited ("Acquirer"), to divest its 96.42% stake in Jindal Power Limited ("JPL"), a material subsidiary of the Company. The divestment is in line with JSPL’s strategic objective to continuously reduce its debt, focus on its India Steel business and significantly reduce its carbon footprint by almost half as part of its ESG objectives. The equity value is an all-cash offer of Rs. 3,015 crores for 96.42% stake in JPL including 3,400 MW Coal fired power plants in State of Chhattisgarh and other non-core assets owned by JPL.

The divestment is subject to receipt of requisite approvals including approval from shareholders of JSPL, approval from lenders of JPL and JSPL, and such other statutory approvals, consents, permissions and sanctions as may be necessary in line with the extant relevant guidelines. Grant Thornton acted as the Transaction Advisor and ran a comprehensive sale process, reaching out to numerous national & international investors for the asset. Cyril Amarchand Mangaldas, India, acted as JSPL’s legal advisor for the transaction.

Shri V.R. Sharma, MD- JSPL said, “This divestment is in line with our ESG objectives to be amongst the top 10 lowest Co2 emitting steel companies of the world. It is yet another step towards our vision to reduce debt substantially and create a robust balance sheet for our investors and stakeholders. Looking to the future, JSPL will be a key growth driver in the Indian steel industry and will now focus on undertaking expansion of its Angul steel plant from Jindal Steel & Power Limited Corporate Office Jindal Centre, 12 Bhikaji Cama Place, New Delhi 110 066 6 MTPA to 12 MTPA. Infrastructure spending in India is bound to grow exponentially and JSPL is fully aligned with GoI’s vision of achieving 300 MTPA steel production by 2030. We firmly believe in the India growth story and its potential to be an engine of global growth.”