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JSW Energy raises ₹5,000 cr QIP to accelerate growth plans

In a late regulatory filing, the company said that it will use the proceeds of the QIP for the prepayment of its debt and to invest in its renewable arm, JSW Neo Energy.

JSW Energy raises Rs 5,000 crore from Blackrock, GQG, and ADIA among others

"The proceeds from the QIP will bolster an already strong capital structure even further, significantly enhance our financial flexibility, and enable us to accelerate our ambitious growth plans," said Pritesh Vinay, Director (Finance), JSW Energy.

Why JSW Energy s equity dilution move at the parent level makes sense

The only argument in favour of dilution at JSW Neo Energy would have been that the green energy generation companies are commanding higher valuation versus the fossil fuel-based energy generation companies.

JSW Energy to use QIP proceeds to cut debt, for green arm

JSW Energy to use QIP proceeds to cut debt, for green arm
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