JSW Energy raises Rs 465 cr from 7 anchor investors

Private sector power producer JSW Energy has raised Rs 464.86 crore through the issue of shares to seven anchor investors under its public offer, which opens tomorrow for subscription.

The company has alloted, in total, 4.22 crore shares to 7 anchor investors, which include Anil Dhirubhai Ambani Group firm Reliance Capital Trustee and Credit Suisse Singapore Ltd at a price of Rs 110 per piece, JSW Energy informed the stock exchanges.

The other investors include Eton Park International LLP, Valiant Mauritius Partners, Deutsche Securities Mauritius, Highfields Capital Management and Valiant Mauritius Partners Offshore.

Sajjan Jindal-led JSW Energy is going to hit the capital market with an initial public offer (IPO) in the price band of Rs 100-115 per equity share.

The company's IPO, through which the power producer aims to garners up to Rs 2,700 crore, opens on December 7 and will close on December 9.

The energy firm has an operational capacity of 860 MW with additional 2,790 MW capacity under construction and implementation stage.

The company has announced a discount of Rs 5 for retail investors in the issue price that will be decided after the completion of book building process.