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Two Institutions Took 72% of JSW Energy’s Rs 4,000 Crore QIP

JSW Energy Limited closed its Rs 4,000 crore qualified institutional placement (QIP) on the night of 25 May 2026, with two institutions — SBI Equity Hybrid Fund and GQG Partners Emerging Markets Equity Fund — together absorbing 72.55% of the issue, according to the company's filing with the BSE. The JSW Group utility arm allotted 7,61,90,476 fresh equity shares at Rs 525 each, a 1.69% discount to the floor price, in a deal that funds its renewable energy expansion. The allotment was approved by the company's Finance Committee in a meeting that ran from 11:00 PM to 11:15 PM on 25 May. The shares, of Rs 10 face value, were priced at a premium of Rs 515 each, taking the total raise to Rs 3,999.99 crore. The discount to the floor price worked out to Rs 9.05 per share. Two names dominated the bookSBI Equity Hybrid Fund took 3,68,92,990 shares, or 48.42% of the issue, a position worth roughly Rs 1,937 crore. GQG Partners Emerging Markets Equity Fund was allotted 1,83,87,066 share..

Inc Business·12h ago·1m
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