JSW Energy Secures Rs 12 Bn Through Non-Convertible Debentures
POWER & RENEWABLE ENERGY

JSW Energy Secures Rs 12 Bn Through Non-Convertible Debentures

JSW Energy has successfully raised Rs 12 billion through the issuance of non-convertible debentures (NCDs) on a private placement basis. This follows an earlier decision by the company's board on January 28, 2025, to raise up to Rs 30 billion through the issuance of rated and listed NCDs. The board had also authorised the Finance Committee to oversee all aspects related to the proposed issuance.

In line with this approval, the Finance Committee met on March 4, 2025, and sanctioned the allotment of 1,20,000 unsecured, rated, listed, taxable, and redeemable NCDs, each valued at Rs 1 lakh, resulting in a total fundraising of Rs 12 billion. The issuance of these NCDs was completed on the same day.

This development is part of JSW Energy’s broader financial strategy to strengthen its capital base and support business growth. Non-convertible debentures serve as a key instrument for raising long-term funds, offering investors fixed returns while enabling the company to secure capital without diluting equity. The proceeds from this issuance are expected to be utilised for various operational and strategic initiatives.

With this issuance, JSW Energy continues to reinforce its financial position while aligning with its long-term objectives. The company's approach to fundraising through debt instruments reflects its commitment to prudent financial management and sustainable growth.

News source: NDTV Profit

JSW Energy has successfully raised Rs 12 billion through the issuance of non-convertible debentures (NCDs) on a private placement basis. This follows an earlier decision by the company's board on January 28, 2025, to raise up to Rs 30 billion through the issuance of rated and listed NCDs. The board had also authorised the Finance Committee to oversee all aspects related to the proposed issuance. In line with this approval, the Finance Committee met on March 4, 2025, and sanctioned the allotment of 1,20,000 unsecured, rated, listed, taxable, and redeemable NCDs, each valued at Rs 1 lakh, resulting in a total fundraising of Rs 12 billion. The issuance of these NCDs was completed on the same day. This development is part of JSW Energy’s broader financial strategy to strengthen its capital base and support business growth. Non-convertible debentures serve as a key instrument for raising long-term funds, offering investors fixed returns while enabling the company to secure capital without diluting equity. The proceeds from this issuance are expected to be utilised for various operational and strategic initiatives. With this issuance, JSW Energy continues to reinforce its financial position while aligning with its long-term objectives. The company's approach to fundraising through debt instruments reflects its commitment to prudent financial management and sustainable growth. News source: NDTV Profit

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