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HomeSTOCKSThis Share Is Preparing To Raise Rs 5000 Funds; Board Authorized To...

This Share Is Preparing To Raise Rs 5000 Funds; Board Authorized To Take All Necessary Decisions

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JSW Energy Ltd (NSE : JSWENERGY) Share: Today, in this post we’ll discuss about JSW Energy latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.

JSW Energy is preparing to raise funds through Qualified Institutional Placement i.e. QIP. Sajjan Jindal’s billionaire company will raise 5000 crores of rupees by selling shares to investors who are high net worth.

The company has included these details in its exchange filing, which was filed today on April 2. Meanwhile, heavy buying was seen in the company’s shares.

This share closed at Rs 541.95 with a gain of 4.39 percent. The market capitalization of the business is 89,133 crore. 

However, details related to QIP dates and pricing are not yet decided. The Board has granted the Finance Committee to take all needed decisions in this area.

In the quarter ended December 2023, JSW Energy promoters held 73.38 percent stake in the company. QIP is a fund-raising technique that allows a company to raises funds by distributing shares to institutional bidders who are eligible.

The company recorded 24.36 per cent year-on-year growth in consolidated net profit in the third quarter due to strong contribution from its thermal portfolio and merchant sales.

Revenue in the quarter increased 13.3 per cent year-on-year to Rs 2,661.41 crore, from Rs 2,349.79 crore a year ago.

How Has The Shares Been Performing?

JSW Energy shares have increased by 5 percent in the last one month. It has given a return of 23% in the last 6 months. 

The shares of the company have increased 32 percent in the first quarter of this year. The stock has risen up 118 percent in just one year.

Not only this, it has made a bumper profit of 1173 percent in the last 4 years.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.

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