JSW Energy has raised Rs 5,000 crore through the Qualified Institutions Placement (QIP) route, said the power company late Friday.
“The proceeds from the QIP will bolster an already strong capital structure even further, significantly enhance our financial flexibility, and enable us to accelerate our ambitious growth plans,” said Pritesh Vinay, director (finance) and chief financial officer of JSW Energy, in a statement.
The company, in a disclosure earlier, had said the proceeds would be used for investments in JSW Neo Energy, a subsidiary which holds green energy assets and repayment of certain borrowings.
