JSW Energy Ltd Share Price – NSE  /  BSE

Power Generation & Distribution, Mid Cap

The company’s board authorized and declared the opening of the issue on Tuesday, 2 April 2024.

The company may offer a discount of not more than 5% on the floor price so calculated for the issue.

The Issue price will be determined by the company in consultation with the book running lead manager appointed for the Issue

JSW Energy is primarily engaged in the business of generation of power with principal places located at Vijayanagar (Karnataka), Ratnagiri (Maharashtra), Nandyal (Andhra Pradesh) and Salboni (West Bengal).

The company's consolidated net profit tumbled 28.79% to Rs 231.33 crore on 13.10% rise in net sales to Rs 2542.77 crore in Q3 FY23 over Q3 FY22.

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The Board of JSW Energy at its meeting held on 02 April 2024 has approved fund raising by way of qualified institutional placement of equity shares of Rs 10 each for an aggregate amount not exceeding Rs 5,000 crore in one or more tranches.

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“Meeting of the board is scheduled to be held on Tuesday, 2 April, 2024, to consider and approve, inter alia, the proposal for raising of funds through the issuance of eligible securities of the company by way of private offering or on a preferential allotment basis and qualified institutions placement (QIP) or any other methods,” the company stated that in the regulatory filing.

JSW Energy is primarily engaged in the business of generation of power with principal places located at Vijayanagar (Karnataka), Ratnagiri (Maharashtra), Nandyal (Andhra Pradesh) and Salboni (West Bengal).

The company's consolidated net profit tumbled 28.79% to Rs 231.33 crore on 13.10% rise in net sales to Rs 2542.77 crore in Q3 FY23 over Q3 FY22.

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JSW Energy will hold a meeting of the Board of Directors of the Company on 2 April 2024.

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