Jindal Saw Limited has informed the Exchange with reference to the approval for the 27,30,000 Warrants convertible into equity shares of Rs.10/- each at a premium of Rs.298.08 each to Anbeeco Investments Ltd. on preferential basis that, "Anbeeco Investments Ltd. has expressed their inability to invest in Jindal Saw Ltd through warrants. Accordingly, the Company has withdrawn its application seeking approval from Foreign Investment Promotion Board".