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JSW ENERGY RAISES RS 5,000 CRORE FROM ABU DHABI INVESTMENT AUTHORITY AND OTHERS

  To accelerate its expansion efforts,  JSW Energy Limited  has secured Rs 5,000 crore through the sale of shares to institutional investors, including the Abu Dhabi Investment Authority (ADIA). The company confirmed the completion of its Rs 5,000-crore Qualified Institutions Placement (QIP) in a regulatory filing issued on Friday. JSW Energy stated that the funds raised from the QIP will bolster its capital structure, enhance financial agility, and propel the realization of its ambitious expansion strategies. ​The company further stated, "Esteemed international long-only investors, domestic mutual funds , and insurance companies demonstrated significant interest in the offering." The QIP witnessed subscriptions surpassing 3.2 times its initial offering. Among the prominent global asset managers participating in the QIP offering were ADIA, Wellington, UBS, GQG, Blackrock, Nomura, and Wellington.

In fiscal year 2025, Sony aims to boost sales and forge strategic partnerships

  In an internal newsletter addressed to staff members, MD & CEO NP Singh of Sony Pictures Networks India outlined the company's objectives for fiscal year 2025. Singh emphasized the dual aims of expanding market presence through strategic alliances and fostering organic growth. A copy of the newsletter examined by FE revealed Singh's extensive experience in the media industry, with a decade-long tenure at Sony . Despite acknowledging the challenges ahead, including the failed attempt to merge with Zee , Singh expressed confidence in overcoming obstacles. He highlighted the evolving landscape, citing the consolidation of competitors like Viacom18 and Disney , and reaffirmed Sony's commitment to facing challenges with resilience and determination.