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Informist, Friday, Dec. 12, 2025

 

--JSW Energy to raise up to INR 100 bln via QIP, others

--JSW Energy to issue 9.5 mln shrs to JTPM Metal Traders at INR 525/shr

--JSW Energy to issue 47.62 mln warrants to JTPM Metal at INR 525/warrant

--JSW Energy appoints Chandrasekaran Prabhakaran as CFO from Jan 1

 

NEW DELHI – JSW Energy Ltd. Friday said it will raise INR 100 billion through qualified institutional placements in one or more tranches. Additionally, its board approved issuing the promoter group entity JTPM Metal Traders Ltd. additional equity shares and warrants on a preferential basis for a total consideration of INR 30 billion.

 

The company will issue JTPM Metal Traders 9.52 million equity shares at INR 525 per share for an aggregate amount of up to INR 5 billion. The issuance of these shares is at a premium of roughly 15% to the stock's closing price Thursday of INR 457.8 per share on the National Stock Exchange. After the preferential issue, the shareholding of JTPM Metal Traders in JSW Energy will be 3.43% with 6.18 million shares, up from 0.27%, on a fully diluted basis.

 

JSW Energy's board also approved issuing JTPM Metal Traders 47.62 million warrants of 18 months' tenure at INR 525 per warrant for an aggregate consideration of INR 25 billion. Each warrant shall carry the right to subscribe to one equity share of the company, which may be exercised in one or more tranches.

 

At the same meeting, the board also approved the appointment of Chandrasekaran Prabhakaran as chief financial officer, starting Jan. 1. Prabhakaran, 50, is currently the deputy chief financial officer at JSW Steel Ltd. He has been associated with the JSW Group since November 2014.

 

For the September quarter, JSW Energy had reported a consolidated net profit of INR 7.05 billion on a revenue of INR 51.77 billion. Friday, shares of JSW Energy closed 5.3% higher at INR 482.20 on the NSE.  End

 

Reported by Anand JC

Edited by Rajeev Pai

 

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