JSW Energy shares rose nearly 3% to hit a 52-week high of Rs 558 in Wednesday s trade on BSE after the firm said it plans to raise Rs 5,000 crore by selling shares to high net worth investors through a qualified institutional placement process or QIP.
Power producer JSW Energy said on Tuesday it would raise up to 50 billion rupees ($599.5 million) by selling shares to institutional investors.
The share placement ..
The Board has also authorised the finance committee to take all the necessary decisions in this regard. JSW Energy is one of the leading private-sector power producers in India. The company has established its presence across the value chains of the power sector with diversified assets in power generation, and transmission.