JSW Energy completes Rs 40 billion equity raise through QIP

JSW Energy Limited has completed its Rs 40 billion equity through a qualified institutional placement (QIP). The company allotted 76.19 million equity shares with a face value of Rs 10 each at an issue price of Rs 525 per share, including a premium of Rs 515 per share. The issue received strong interest from institutional investors, which included SBI Mutual Fund, GQG, BlackRock and leading insurance companies. Furthermore, the funds raised through the QIP, along with proceeds from the recent promoter allotment and monetisation of JSW Steel shares, will strengthen its balance sheet.