JSW Energy has successfully raised Rs 5,000 crore through qualified institutional placement (QIP) of its shares from investors, including Abu Dhabi Investment Authority (ADIA), Blackrock and other global asset managers, the company said on Friday night. The QIP was oversubscribed by 3.2 times, it said. This marks the first-ever equity raise by the company since its listing in 2010, JSW Energy said.
“This is the largest primary equity raise in the Indian power sector in the last decade and among the top three largest primary equity raises in the history of the Indian power sector,” the company said.
