JSW Energy shares rise 5% on fundraising approval
after close1 source ↓written by the desknot a recommendation
- to an intraday
- 5.2%
- after the board
- ₹482
- plans to issue
- 9,523,809 equity shares
- each to JTPM
- ₹525
- along
- 47,619,047 convertible warrants
JSW Energy shares surged 5.2% to an intraday high of ₹482 after the board approved fundraising up to ₹10,000 crore via a Qualified Institutional Placement (QIP) and a preferential issue. The company plans to issue 9,523,809 equity shares at ₹525 each to JTPM Metal Traders, along with 47,619,047 convertible warrants. This move aims to strengthen its financial position and support growth initiatives.
Not investment advice. For informational purposes only.