JSW Energy Ltd.

BSE: 533148 | NSE: JSWENERGY
Mid Cap | Power Generation/Distribution
555.35
5.25 (0.95%)
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JSW Energy raises Rs 5,000 crore through QIP

Date: 06-04-2024

JSW Energy has raised Rs 5,000 crore through Qualified Institutions Placement (QIP). The company has raised fund by selling shares to institutional investors, including Abu Dhabi Investment Authority (ADIA), to accelerate its growth plans. The proceeds from the QIP will further bolster its capital structure, enhance financial flexibility and enable the company to accelerate its ambitious growth plans. The QIP witnessed more than 3.2 times subscription. 

JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.