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.

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