New Delhi: JSW Infrastructure on Wednesday said it has raised ₹7,503 crore through a qualified institutional placement.The QIP comprised a primary issuance of securities worth ₹6,555 crore, with the balance being raised through an offer-for-sale (OFS) by the promoter selling shareholder, JSW Infrastructure said in a regulatory filing."JSW Infrastructure has successfully completed a landmark ₹7,503 crore Qualified Institutions Placement (QIP), marking the first transaction in India to combine a primary issuance and an offer-for-sale by a promoter selling shareholder within a single QIP structure," the company said.The transaction enabled the company to raise growth capital to support its ₹39,000 crore multi-year capital expenditure programme, facilitate compliance with minimum public shareholding requirements and significantly broaden its institutional shareholder base.
JSW Infra raises ₹7,503 crore via QIP to fund capex plan
JSW Infrastructure has successfully raised ₹7,503 crore through a unique Qualified Institutions Placement, combining a primary issuance and a promoter's offer-for-sale. This significant capital infusion will fuel the company's ambitious ₹39,000 crore expansion plans, meet public shareholding norms, and expand its investor base.
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