JSW Energy Raises Rs 5,000 Crore from Institutional Investors to Fuel Growth Plans – EQ
In Short – “JSW Energy secures Rs 5,000 crore from institutional investors to bolster its growth strategies, enabling the company to fuel expansion and capitalize on emerging opportunities in the energy sector
In Detail – JSW Energy Limited has successfully secured Rs 5,000 crore through the sale of shares to institutional investors, including the Abu Dhabi Investment Authority (ADIA), aimed at accelerating its growth initiatives In a recent regulatory disclosure, the company announced the completion of its Rs 5,000-crore Qualified Institutions Placement (QIP) process.JSW Energy highlighted that the funds raised from the QIP will fortify its capital structure, provide greater financial flexibility, and support the expeditious execution of its ambitious growth strategies.
The company emphasized that the QIP garnered significant interest from prestigious global long-term investors, domestic mutual funds, and insurance companies, resulting in over-subscription by more than 3.2 times. Leading global asset managers such as GQG, Blackrock, Nomura, Wellington, UBS, and ADIA participated in the QIP issuance. This marks JSW Energy’s inaugural equity raise since its listing in 2010, constituting the largest primary equity mobilization in the Indian power sector over the last decade and among the top three in its history.
Sharad Mahendra, the joint managing director and CEO of JSW Energy, expressed confidence in India’s investment-driven economic growth and highlighted the institutional investors’ trust in the company’s role as a diversified energy transition platform. Mahendra affirmed JSW Energy’s commitment to shaping the energy sector, establishing new industry benchmarks, and contributing to India’s net-zero targets by 2070. JSW Energy Limited is a prominent private sector power producer in India and part of the USD 23-billion JSW Group, with substantial interests across various sectors including steel, energy, infrastructure, cement, and sports.
