JSW may earn up to PLN 800 mln on share issue

"We are talking about an issue of at least PLN 500 million, but the sum could fall into PLN 500-800 million range," CFO Robert Ostrowski announced. "The share issue is a base option but it is not a done deal yet," the official added. "A decision can be expected in late 2016 - early 2017." The CFO also said that JSW may proceed to issuing fresh shares from early 2017 as part of its deal with bondholders, if markets or the restructuring plan falls short of targets.