Private Equity Fund Investments
JSW Cement raises Rs.1,500-Cr from Apollo Global, Synergy Metals Investments
Mumbai-based JSW Cement is to raise up to INR 1,500 crore from US-headquartered Apollo Global Management and Synergy Metals Investments Holding Ltd. The transaction is structured via compulsorily convertible preference shares (CCPS) with the conversion of CCPS into common equity linked to the company's future performance and valuation determined at the time of the initial public offering. The investment will help JSW Cement accelerate its capacity expansion from the current 14 MTPA to 25 MTPA. Citigroup Global Markets India was the exclusive placement agent on this transaction for JSW Cement. Khaitan & Co. is the legal advisor to JSW Cement and its promoters
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