JSW Energy Limited has informed the Exchange about issuance of Non-Convertible Debentures
JSWENERGY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
JSW Energy has allotted 25,000 unsecured, listed, rated, taxable, redeemable Non-Convertible Debentures (NCDs) on a private placement basis, aggregating to Rs. 250 Crores. Each NCD has a face value of Rs. 1 Lakh, carries a floating interest rate linked to Kotak Mahindra Bank's one-month MCLR (currently 8.35%), and has a 3-year tenure maturing on 12th June 2028. The NCDs are listed on BSE. This allotment is part of the company's earlier Board-approved plan (dated 28th January 2025) to raise up to Rs. 3,000 Crores through such instruments, meaning Rs. 250 Cr is the first tranche out of the total approved amount.
This is a debt raise, not equity, so there is no share dilution for existing shareholders. The borrowing is at a market-linked floating rate of around 8.35% and will modestly increase the company's interest costs and debt levels, while supporting its funding and growth plans.