OTHER GROUP COMPANIES
market

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.

April 01, 2015 8:18 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. 

OPEN A DEMAT ACCOUNT & Get
FREE Benefits Worth 5,000

FEATURED ARTICLE

BLOGS

Open Demat Account
  • 0

    Per Order for ETF & Mutual Funds Brokerage

  • 20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity