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.
"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.
Some of the largest global asset managers, such as GQG, Blackrock, Nomura, Wellington, UBS and ADIA, participated in the QIP issue. "This marks the first-ever equity raise by the company since its listing in 2010," JSW Energy said.
JSW Energy raises Rs 5,000 crore from Abu Dhabi Investment Authority, others financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
JSW Energy raises ₹5,000 crore from Abu Dhabi Investment Authority, others thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.