Khaitan & Co Advised JSW Energy Ltd In ₹5,000 Crore QIP
Khaitan & Co Advised JSW Energy Ltd In ₹5,000 Crore QIP
In a significant development, Khaitan & Co has provided legal counsel to JSW Energy Ltd in its Qualified Institutions Placement (QIP) of equity shares worth INR 50,000 million.
JSW Energy Ltd, a key subsidiary of the illustrious USD 23-billion JSW Group, has successfully concluded its Rs 5,000-crore QIP, marking its first-ever equity raise since 2010. The company, with diversified interests spanning steel, energy, infrastructure, cement, and sports sectors, among others, has reaffirmed its commitment to growth and expansion through this transformative transaction.
The QIP garnered immense investor interest, witnessing over 3.2 times subscription, and attracting participation from some of the largest global asset managers, including GQG, Blackrock, Nomura, Wellington, UBS, and ADIA. This resounding response underscores investor confidence in JSW Energy's strategic vision and prospects for sustainable growth.
Jefferies India Private Limited served as the sole book running lead manager for the QIP.
Khaitan & Co provided invaluable legal counsel to JSW Energy, with a core team comprising Sudhir Bassi (Executive Director), Madhur Kohli (Partner), Prathiksha Panduranga (Principal Associate), Ritika Khare (Senior Associate), Anshul Mordia (Associate), Divyam Wadhwa (Associate), and Maniya Goyal (Associate).
