JSW Energy Raises Rs 5,000 Cr Through Share Sale to Investors

JSW Energy Limited, a prominent player in India’s power sector, has successfully raised Rs 5,000 crore through a qualified institutions placement (QIP). The funds were secured from leading institutional investors, including Abu Dhabi Investment Authority (ADIA), showcasing strong investor confidence in the company’s growth prospects.

1. Successful Completion of QIP:

2. JSW Energy informed in a regulatory filing that it has concluded its Rs 5,000-crore QIP, aimed at bolstering its capital structure and fueling its ambitious growth plans.

3. Interest from Global Investors: 

4. The QIP attracted significant interest from renowned global long-only investors, domestic mutual funds, and insurance companies, with the subscription exceeding 3.2 times.

5. Participation of Marquee Asset Managers: 

6. Leading asset managers such as GQG, Blackrock, Nomura, Wellington, UBS, and ADIA participated in the QIP, underlining the confidence of institutional investors in JSW Energy’s future trajectory.

7. Historical Equity Raise: 

8. This marks JSW Energy’s first equity raise since its listing in 2010 and stands as the largest primary equity raise in India’s power sector in the last decade. It also ranks among the top three largest primary equity raises in the history of the Indian power sector.

Statement from JSW Energy: 

Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, expressed optimism about India’s investment-driven economic growth, highlighting strong institutional interest as a testament to the company’s position as a diversified energy transition platform.