02-04-2024 06:01 PM | Source: Reuters
India`s JSW Energy to raise $600 million via share sale

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 Power producer JSW Energy said on Tuesday it will raise up to 50 billion rupees ($599.5 million) by selling shares to institutional investors.

The share placement could be done in one or more tranches, the energy arm of JSW Group said in an exchange filing.

JSW Energy's shares closed 4.6% higher ahead of the fundraise news.

($1 = 83.3992 Indian rupees)