MUMBAI (Reuters) - Textiles firm Jindal Cotex on Tuesday 22 September begun trading at 77 rupees a share on the NSE versus a issue price of 75 rupees a share.

Acrylic yarn from Jindal Cotex - Photo: www.jindalcotex.com

At 9:57 a.m., shares were trading at 83.10 rupees a share on the NSE.

The firm, which raised over 930 million rupees through its initial public offering is investing the bulk of its proceeds in technical textiles.

(Reporting by Aniruddha Basu; Editing by Ramya Venugopal)