JSW Infrastructure Raises Rs 1,260 Crore from Anchor Investors Ahead of IPO

25 Sep 2023 , 03:13 PM

JSW Infrastructure, owned by Sajjan Jindal, raised Rs 1,260 crore from 65 anchor investors a day before the issue opening for their Rs 2,800-crore public issue. Global and domestic marquee investors participated, including Government of Singapore, Morgan Stanley, LIC Mutual Fund, ICICI Prudential Mutual Fund, and more.

The IPO comprises a fresh issue only, with no offer-for-sale component, marking JSW group’s first IPO in 13 years. The funds raised will be utilized for expansion and upgradation at Jaigarh Port and Mangalore Container Terminal, as well as general corporate purposes.

Sajjan Jindal Family Trust holds a majority share in JSW Infrastructure, which reported significant profit and revenue growth in recent financial periods.

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