Indian Metals & Ferro Alloys: JSW Renew Energy Allots 2.56 Cr Shares
Indian Metals & Ferro Alloys Ltd (IMFA) announced that M/s JSW Renew Energy Twelve Limited (JRETL) has allotted 2,56,14,000 Equity Shares of ₹10 each for an aggregate consideration of ₹25,61,40,000 on November 2, 2026. This allotment was confirmed by JRETL on the same date. Following this allotment, IMFA's shareholding in JRETL now stands at 26% of its paid-up share capital. This transaction is a follow-up to previous agreements and signifies a continued investment in the renewable energy venture.
Key Highlights
- JRETL allotted 2.56 crore equity shares to IMFA.
- Total consideration for the allotment was ₹25.61 crore.
- IMFA's stake in JRETL increased to 26%.
- Allotment occurred on November 2, 2026.
- Transaction follows prior Share Subscription and Shareholder's Agreement.
Price Impact
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