JSW Energy Ltd approves raising of Rs. 750 crores through NCDs

The Board of Directors of JSW Energy Ltd at its meeting held on December 27, 2016 have approved the proposal for raising of long term funds through the issuance of redeemable non-convertible debentures upto Rs. 750 crore by way of private placement.

The issue proceeds would be used for the general corporate purposes, business operations, working capital and repayment of existing debt of the company.

Shares of JSW Energy Ltd was last trading in BSE at Rs.56.6 as compared to the previous close of Rs. 55.5. The total number of shares traded during the day was 140433 in over 627 trades.

The stock hit an intraday high of Rs. 57.2 and intraday low of 54.7. The net turnover during the day was Rs. 7871027.

Source : Equity Bulls

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