JSW Energy Allots Equity Shares, Warrants Worth Over ₹1,120 Crore to JTPM Metal Traders
Mumbai: JSW Energy Limited on Tuesday announced the allotment of equity shares and convertible warrants worth over ₹1,120 crore to JTPM Metal Traders Limited on a preferential basis, following approval from its board’s finance committee.
In a regulatory filing, the company said it has allotted 95.24 lakh equity shares at an issue price of ₹525 per share, aggregating to nearly ₹500 crore, through a private placement. The issue price includes a premium of ₹515 per share over the face value of ₹10.
Alongside the equity issuance, JSW Energy also approved the allotment of 4.76 crore convertible warrants to JTPM Metal Traders. Each warrant carries the right to subscribe to one equity share at the same price of ₹525. The company has received ₹625 crore, representing 25% of the total warrant issue value, at the time of allotment.
Capital Base Strengthens
Following the allotment, JSW Energy’s paid-up equity share capital has increased from 174.78 crore shares to 180.49 crore shares on a fully diluted basis, assuming full conversion of the warrants.
The company said it will apply to the stock exchanges for listing and trading approvals for the newly issued equity shares in due course.
Strategic Fundraising Move
The preferential issue is part of JSW Energy’s broader capital-raising strategy to strengthen its balance sheet and support ongoing and future growth initiatives, including capacity expansion and renewable energy investments.
JSW Energy is part of the O.P. Jindal Group and is a key player in India’s power generation sector, with a growing focus on clean and renewable energy.
Shares of JSW Energy are listed on the BSE (Scrip Code: 533148) and the NSE (Symbol: JSWENERGY).