The Finance Committee of the Board, at its meeting held today has, inter alia, passed the following resolutions: a. Approving the closure of the Issue today; b. Determining and approving ....
JSWENERGY · price
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JSW Energy has successfully closed its Qualified Institutions Placement (QIP) of equity shares. The Finance Committee approved allocation of 7,61,90,476 equity shares at ₹525 per share. The issue price represents a discount of ₹9.05 per share (1.69%) to the floor price of ₹534.05 per share. Each share has a face value of ₹10, meaning investors paid a premium of ₹515 over face value. The issue, opened on 20th May 2026, was closed on 25th May 2026 after receiving applications and funds from eligible qualified institutional buyers. The company will file the placement document with the stock exchanges.
JSW Energy has raised equity capital from institutional investors at a modest 1.69% discount. The successful closure indicates reasonable investor appetite for the energy sector stock, providing the company with funds for its growth plans and strengthening its equity base.