JSW Energy to seek shareholders’ nod to raise up to Rs 50 billion

JSW Energy Limited will seek shareholders’ approval to raise up to Rs 50 billion through equity shares, bonds and other such securities..

The funds would be used to finance the requirements of capital and revenue expenditure, including working capital, to meet the long-term capital requirements of the company and its subsidiaries, among others. It would also be utilised for joint ventures and affiliates, including investment in subsidiaries, joint ventures and affiliates, for repayment of the debt, for strengthening the balance sheet of the company and for any other general corporate purposes. Further, the resolution would authorise the board to undertake a qualified institutional placement for raising capital.

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