JSW Infrastructure Completes QIP, Raises ₹7,502 Cr
JSW Infrastructure Limited has successfully completed a Qualified Institutions Placement (QIP), raising a total of ₹7,502.69 crore. The Finance Committee approved the issue and allotment of 23,00,00,000 Equity Shares through a Fresh Issue and the transfer of 3,32,52,427 Equity Shares via an Offer for Sale. The Offer Price was set at ₹285 per Equity Share, including a 1.84% discount to the floor price. The Fresh Issue component raised ₹6,555 crore, while the Offer for Sale by the Promoter Selling Shareholder contributed ₹947.69 crore. This placement increases the company's paid-up equity share capital and includes significant allocations to major institutional investors like Fidelity Advisor International Capital Appreciation Fund and HDFC Flexi-Cap Fund.
Key Highlights
- JSW Infrastructure raised ₹7,502.69 crore through a Qualified Institutions Placement.
- The placement involved a Fresh Issue and an Offer for Sale by the promoter.
- Offer Price was ₹285 per share, with a 1.84% discount to the floor price.
- Major investors include Fidelity Advisor and HDFC Flexi-Cap Fund.
- The company's paid-up equity share capital has increased post-allotment.
Price Impact
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