JSW Energy Raises Rs 800 Crore Through NCDs
The finance committee of JSW Energy Ltd. approved on Thursday the allotment of 80,000 non-convertible debentures worth Rs 800 crore in two tranches on a private-placement basis.
The unsecured, rated, listed, taxable and redeemable NCDs have a face value of Rs 1 lakh each. Out of the total issue, the first tranche comprises Rs 400 crore, including a green-shoe option of Rs 100 crore, while the second one comprises the remaining Rs 400 crore, according to an exchange filing.
On Jan. 28, the board of directors had approved raising funds of up to Rs 3,000 crore by issuing the NCDs.
JSW Energy's revenue declined 4.1% to Rs 2,438 crore in the third quarter of the current financial year, while net profit fell 27% to Rs 167.8 crore.
Shares of JSW Energy closed 1.38% lower at Rs 562.90 apiece on the National Stock Exchange, compared to a 1.24% advance in the benchmark Nifty. The stock has risen 15.08% in the last 12 months, but fallen 12.41% on a year-to-date basis.
Nine out of the 13 analysts tracking the company have a 'buy' rating on the stock, two recommend 'hold' and as many suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 9.7%.
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
