JSW Energy Raises Rs 4,000 Cr Through QIP
JSW Energy has raised Rs 4,000 crore through a Qualified Institutional Placement (QIP), attracting participation from domestic and global institutional investors including SBI Mutual Fund, BlackRock, GQG Partners, insurance companies and other investors.The fundraising marks the company’s second equity raise since its listing in 2010, with several investors also participating in the company’s previous equity issuance.
Funds To Strengthen Balance Sheet, Support Growth
JSW Energy said proceeds from the QIP, along with funds from the recent preferential allotment to promoters and monetisation of JSW Steel shares, will be used to strengthen the company’s balance sheet and support growth plans.
The company said the capital infusion is expected to help reduce leverage and improve liquidity, enabling faster project execution and supporting future expansion commitments.
Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, said the fundraising reflects investor confidence in the company’s long-term strategy and opportunities in India’s power sector.
With the latest capital raise, the company said it is positioned to pursue expansion across renewable energy, thermal power and energy storage platforms as part of its broader growth roadmap.
Jefferies India acted as the sole Book Running Lead Manager (BRLM) for the issue, while Khaitan & Co served as legal counsel to the company. Shares of JSW Energy gained 3.75 per cent to close at Rs 577.95 apiece on the NSE on Tuesday.
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