Sebi keeps JSW Cement's Rs 4,000-crore IPO in ‘abeyance’

The Securities and Exchange Board of India has temporarily halted JSW Cement's proposed IPO valued at ₹4,000 crore. Intended for debt repayment and a new unit in Nagaur, the IPO combined share sales and fresh issues. Despite a 3% revenue rise in FY24, profits decreased by 40% to ₹62 crore.