The QIP comprised a primary issuance of securities worth ₹6,555 crore, with the balance being raised through an offer-for-sale (OFS) by the promoter selling shareholder, JSW Infrastructure said in a regulatory filing.
“JSW Infrastructure has successfully completed a landmark ₹7,503 crore Qualified Institutions Placement (QIP), marking the first transaction in India to combine a primary issuance and an offer-for-sale by a promoter selling shareholder within a single QIP structure,” the company said.
The transaction enabled the company to raise growth capital to support its ₹39,000 crore multi-year capital expenditure programme, facilitate compliance with minimum public shareholding requirements and significantly broaden its institutional shareholder base.
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