JSW Energy raises Rs 5,000 crore from Abu Dhabi Investment Authority, others
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JSW Energy said the proceeds from the QIP will further strengthen its capital structure, enhance financial strength and enable the company to accelerate its ambitious growth plans. “The issue received strong interest from leading global long-term investors, domestic mutual funds and insurance companies,” the company said.
New Delhi. JSW Energy Ltd has raised Rs 5,000 crore by selling shares to institutional investors including Abu Dhabi Investment Authority (ADIA) to accelerate its growth plans. The company informed the stock market on Friday that it has successfully completed its Qualified Institutional Placement (QIP) of Rs 5,000 crore.
JSW Energy said the proceeds from the QIP will further strengthen its capital structure, enhance financial strength and enable the company to accelerate its ambitious growth plans. “The issue received strong interest from leading global long-term investors, domestic mutual funds and insurance companies,” the company said. The QIP saw oversubscription by 3.2 times. JSW Energy said, “This is the first time the company has raised funds from share sale since its listing in 2010.
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