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08-05-2024 12:02 PM | Source: Accord Fintech
JSW Energy moves up on getting nod to raise Rs 10,000 crore

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JSW Energy is currently trading at Rs. 588.55, up by 4.70 points or 0.81% from its previous closing of Rs. 583.85 on the BSE.

The scrip opened at Rs. 594.85 and has touched a high and low of Rs. 618.00 and Rs. 584.30 respectively. So far 172207 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 651.55 on 22-Apr-2024 and a 52 week low of Rs. 240.00 on 24-May-2023.

Last one week high and low of the scrip stood at Rs. 646.45 and Rs. 580.00 respectively. The current market cap of the company is Rs. 102864.91 crore.

The promoters holding in the company stood at 69.32%, while Institutions and Non-Institutions held 22.65% and 8.03% respectively.

JSW Energy has received approval for raising of funds not exceeding Rs 10,000 crore in one or more tranches, through the issuance of eligible securities of the Company by way of private offerings and / or on a preferential allotment basis and / or a qualified institutions placement or any other method or combination thereof as may be permitted under applicable laws, subject to such regulatory / statutory approvals, as may be required. The Board of Directors of the company at its meeting held on May 7, 2024 has, inter-alia approved the same. 

JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.