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JSW Energy to hit capital mkts in Oct

Business

JSW Energy plans to hit the capital markets in the third week of October to raise around Rs3,000 crore by diluting 10% equity according to the company’s JMD and CEO, SS Rao. JM Financial Consultants, Kotak Mahindra Capital Company, ICICI Securities, IDFC-SSKI, JP Morgan India, SBI Capital Markets, Morgan Stanley India and IDBI Capital Market Services are the book-running lead managers to the issue. JSW Energy will deploy about Rs2,135 crore from the proceeds of the IPO for developing identified projects aggregating to 2,790 Mw over the next four years. A part of the funds will be used to set up a 400 KV transmission line, a mining venture and to service debt.

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