JSW Energy plans to raise ₹10,000 crore through qualified institutional placement and another ₹3,000 crore from the promoters to fund its capital expansion and debt .

The company will issue 95,23,809 equity shares on a preferential basis to JTPM Metal Traders – a promoter group company at – ₹525 per equity share to raise ₹500 crore.

In another transaction, the company will issue 4,76,19,047 warrants, also on a preferential basis, to promoter company JTPM Metal Traders. Each warrant is convertible to one equity share for a cash consideration at ₹525 per warrant. This will lead to infusion of ₹2,500 crore.

Following fund infusion, promoter-holding in the company will go up by 3.43 per cent.

The company will he holding an extraordinary general meeting to get an approval for the fund rais

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