JSW Energy allots shares and warrants to promoter group JTPM at Rs 525
JSWENERGY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts more than Nifty Midcap 150 and 1.3 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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JSW Energy allotted 95.23 lakh equity shares and 4.76 crore convertible warrants to promoter group entity JTPM Metal Traders at Rs 525 each. Total upfront subscription received is Rs 1,124.99 crore. Full conversion of warrants would bring total potential inflow to Rs 3,000 crore and increase share count from 174.77 crore to 180.49 crore on fully diluted basis, about 3.3% dilution.
Promoter group infusion signals confidence; about 3.3% dilution on full warrant conversion. No external equity raised.