JSW Energy to seek shareholder approval to raise up to Rs 5,000 crore

JSW Energy on Wednesday said it will seek shareholders approval to raise up to Rs 5,000 crore via equity shares, bonds and other such securities in its annual general meeting on August 4, 2021.

The proposed resolution enables the board of directors to issue securities for an aggregate amount not exceeding Rs 5,000 crore or its equivalent in any foreign currency, the notice for the AGM said.

The funds would be use to finance the requirements of capital and revenue expenditure including working capital, to meet the long-term capital requirements of the company and its subsidiaries, joint ventures and affiliates, including investment in subsidiaries… and for any other general corporate purposes, it said.