JSW Energy raises $65 million from institutional investors, including Abu Dhabi Investment Authority

JSW Energy Limited has successfully raised $65 million (Rs 5,000 crore) through a Qualified Institutions Placement (QIP), selling shares to institutional investors, including the Abu Dhabi Investment Authority (ADIA). The company aims to utilize the proceeds to accelerate its growth plans and bolster its capital structure.

According to a regulatory filing, the QIP received strong interest from global long-only investors, domestic mutual funds, and insurance companies, with over 3.2 times subscription. Notable participants in the QIP include GQG, Blackrock, Nomura, Wellington, UBS, and ADIA.