JSW Energy is seeking shareholders approval to raise Rs 12,500 crore through issuance of securities, equity shares and other instruments.
The company has also sought its shareholders approval to increasing the limit of investment in other body corporates and entities for expanding its business by Rs 15,000 crore over and above the permissible limit of Rs 6,030.48 crore as per audited financial results for 2015-16. Thus, the companies’ maximum limit for investment will be increased to 21,030.48 crore after passage of this resolution in the annual general meeting.
