Corporate News Details
In order to raise funds, JSW Energy is working on an IPO where the company requires funds to execute its plans to step up power generation capacity to 12,000 MW from the present 800 MW. However, the company had already been started working on the initial public offering and the draft red herring prospectus submission to the market regulator, Securities and Exchange Board of India, might be a matter of couple of months' time. Additionally, the company had earlier planned for an IPO and was reportedly planning to raise around USD 1 billion and diluting 10% stake, but scrapped the plan due to the global financial recession.
JSW Energy is likely to go for IPO
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