JSW Infrastructure Plans Multi-Billion Dollar Share Sale
JSW Infrastructure Prepares to Raise Up to 80 Billion Rupees through Share Sale
Indian ports operator JSW Infrastructure Ltd. is planning to raise as much as 80 billion rupees ($850 million) through a share sale to institutional investors as soon as next month. This move comes as part of the company's efforts to comply with the minimum public shareholding norm of 25% within three years of listing.
The company has selected four investment banks - JM Financial Ltd., HSBC Holdings Plc, DAM Capital Advisors Ltd., and Jefferies Group LLC - to manage the offering. Deliberations are ongoing, and details of the transaction could change.
| Bank | Role |
|---|---|
| JM Financial Ltd. | Lead Manager |
| HSBC Holdings Plc | Co-manager |
| DAM Capital Advisors Ltd. | Co-manager |
| Jefferies Group LLC | Co-manager |
Read also: TrueFan AI Secures $10 Million in Funding Led by Baring PE India and Z3Partners
JSW Infrastructure's board had approved plans to raise funds earlier this year through various routes, including a qualified institutional placement. The company was listed in October 2023.
Investor Takeaway
JSW Infrastructure plans to raise up to 80 billion rupees through a share sale.
More in Market
TrueFan AI Secures $10 Million in Funding Led by Baring PE India and Z3Partners
Nifty 50 Faces Uphill Battle Against Bank Nifty as Trading Remains Range-Bound
Investors in India Gain Access to International Markets: Navigating Stock Investment Rules and Regulations in Japan, Korea, and Taiwan
