JSW Energy has raised Rs 40 billion through the issuance of 76.19 million equity shares on a qualified institutional placement (QIP) basis.
The company’s finance committee approved the closure of the issue after receipt of application forms and funds in the escrow account from eligible qualified institutional buyers. The shares have been allotted at Rs 525 per share, which includes a 1.69 per cent discount to the floor price of Rs 534.05.