Sajjan Jindal plans to sell 15% stake in JSW Energy for Rs 2000 crore

Report said that JPMorgan, Bank of America Merrill Lynch and CLSA have been appointed to manage the exercise.

Apr 01, 2015 02:04 IST India Infoline News Service

Sajjan Jindal is planning to raise about Rs 2,000 crore from the sale of a 10-15% stake in JSW Energy via QIP, according to reports.
Report said that JPMorgan, Bank of America Merrill Lynch and CLSA have been appointed to manage the exercise.
The money will help fund acquisitions and restore a healthy leverage ratio.
Sajjan Jindal has a 75 per cent stake in JSW Energy while the rest is held by the public. 

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