JSW Energy in talks to raise $500-M via stake sale in renewables business

JSW Energy plans to raise about USD 500 million through a strategic stake sale in its green energy business as the Sajjan Jindal Group company aims to to catch up with peers such as Tata Power and Adani Power that have stepped up investments into non-conventional energy. It will use the proceeds to ramp up generation of non-conventional power. Feelers have been sent to alternative energy focused financial investors, pension and sovereign asset managers and big ticket private equity firms.