JSW Infra launches QIP to raise ₹7,503 crore
after close1 source ↓written by the desknot a recommendation
- raise
- ₹7,503 crore
- worth
- 230 million shares
- and an offer
- ₹6,555 crore
- valued
- 33.25 million shares
- by the promoter
- ₹948 crore
JSW Infrastructure Ltd has initiated a qualified institutional placement (QIP) to raise up to ₹7,503 crore. This includes a fresh issue of 230 million shares worth ₹6,555 crore and an offer for sale of 33.25 million shares valued at ₹948 crore by the promoter. The indicative issue price is set at ₹285 per share, reflecting a 7.2% discount to the previous closing price.
This capital raise aims to bolster the company's financial position and may enhance liquidity in the market, attracting institutional investors.
Not investment advice. For informational purposes only.