Public Market Secondary Issues
JSW Energy raises Rs.5,000-Cr via QIP
Source JSW Energy Ltd (opens in a new tab)M?int (opens in a new tab)
Mumbai-headquartered JSW Energy Ltd has raised INR 5,000 crore through qualified institutions placement (QIP). Out of the proceeds, it plans to use INR 3,139 crore towards prepayment of debt, while INR 611 crore will be used towards investment in Neo Energy, and the rest for general corporate purposes.