06 April 2024 – JSW Energy said in an exchange filing on April 5 that it has concluded its ₹5,000 crore Qualified Institutions Placement (QIP), which attracted significant interest from local mutual funds, insurance firms, and prominent worldwide long-only investors.
With participation from some of the biggest global asset managers, including GQG, Blackrock, Nomura, Wellington, UBS, and Abu Dhabi Investment Authority (ADIA), the film’s first equity issue since its IPO in 2010 saw subscriptions over 3.2 times over.
Sharad Mahendra, Joint Managing Director and CEO of JSW Energy said in a statement after the conclusion of QIP that “the strong institutional investor interest reflects their unwavering confidence in our positioning as a diversified energy transition platform.”
Conclusion
JSW Energy’s Director of Finance and CFO, Pritesh Vinay, said that reputable institutional investors took part in the QIP. The statement “validates JSW Energy’s positioning, which includes a strong pipeline of returns-accretive growth projects, operational excellence, a track record of best-in-class disciplined capital allocation, and the ability to execute large-scale projects at competitive costs.”
