Board of JSW Energy Limited allots 10,30,92,783 equity shares under QIP issue

Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased from Rs 16,44,67,56,680, comprising of 164,46,75,668 Equity Shares to Rs 17,47,76,84,510 comprising of 1,74,77,68,451 Equity Shares. The shareholding pattern of the Company, before and after the Issue, will be submitted along with the listing application in the format specified in Regulation 31 of the SEBI Listing Regulations.

The board of on 5th April, 2024 approved the allotment of 10,30,92,783 Equity to 97 qualified institutional buyers at the issue price of Rs 485 per Share, (which includes a discount of Rs 25.09 per Equity Share (4.92% of the floor price, as determined in terms of the SEBI ICDR Regulations) to the floor price, i.e. at a of Rs 475 per Equity Share, aggregating to Rs 49,99,99,99,755 (Rupees Four Thousand Nine Hundred Ninety Nine Crores Ninety Nine Lakhs Ninety Nine Thousand Seven Hundred Fifty Five), pursuant to the Issue.

The issue opened on 2 nd April, 2024 and closed on 5 th April, 2024 and the same was intimated to you through our letters dated 2 nd April, 2024 and 5 th April, 2024, respectively.

Source: Stocks-Markets-Economic Times