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The Economic Times

Akash Podishetti

JSW Infrastructure launches Rs 7,500 crore QIP, to fund capex, repay debt

JSW Infrastructure QIP

JSW Infrastructure has launched a qualified institutional placement (QIP) to raise up to Rs 7,503 crore ($794 million), with the proceeds earmarked for expansion projects, debt repayment and strategic investments. The issue comprises a fresh issue of Rs 6,555 crore and an offer for sale (OFS) of Rs 948 crore, according to the term sheet accessed by ETMarkets.

The company has set an indicative issue price of Rs 285 per share, representing a 7.2% discount to Monday's NSE closing price of Rs 307.05. The issue is being launched at a discount to the SEBI floor price of Rs 290.35 per share.

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