India's Jain Resource Recycling rises 20.6% in trading debut

About this update from Jain Resource Recycling Limited

** Jain Resource Recycling NSE:JAINREC rises 20.6% from issue price to 280 rupees in debut trade** Non-ferrous metal products manufacturer attains market cap of 96.64 billion rupees ($1.09 billion)** IPO received bids worth nearly 16x the 31.2 mln shares on offer, exchange data shows** Co to use proceeds to pay down debt and for other corporate purposes($1 = 88.6650 Indian rupees)

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