New Delhi: JSW Infrastructure on Wednesday stated it has actually raised 7,503 crore through a certified institutional positioning.
The QIP made up a main issuance of securities worth 6,555 crore, with the balance being raised through an offer-for-sale (OFS) by the promoter offering investor, JSW Infrastructure stated in a regulative filing.
“JSW Infrastructure has successfully completed a landmark ₹7,503 crore Qualified Institutions Placement (QIP), marking the first transaction in India to combine a primary issuance and an offer-for-sale by a promoter selling shareholder within a single QIP structure,” the business stated.
The deal allowed the business to raise development capital to support its 39,000 crore multi-year capital investment program, assist in compliance with minimum public shareholding requirements and substantially expand its institutional investor base.
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