JSW Infrastructure has launched a qualified institutional placement (QIP) and promoter stake sale to raise up to ₹7,503 crore, the company announced on June 22. The offering includes a fresh issue of 230 million shares worth ₹6,555 crore and an offer for sale of up to 33.25 million shares by the Sajjan Jindal Family Trust valued at ₹948 crore, according to livemint.com.
The company set an indicative issue price of ₹285 per equity share, which is a 7.2% discount to the closing price of ₹307.05 on the National Stock Exchange on the previous trading day. The total share offering consists of up to 263.25 million shares, combining the fresh issue under the QIP and the promoter stake sale. This move aims to attract institutional investors and strengthen the company’s capital base.
This capital raise is significant in the infrastructure sector, where large funding rounds are essential for project expansion and debt management. JSW Infra’s ₹7,503 crore raise is among the larger QIPs this year, reflecting strong investor interest in infrastructure assets. The promoter stake sale by the Sajjan Jindal Family Trust also provides liquidity and signals confidence in the company’s growth prospects.
The QIP and promoter offer are expected to close shortly, with the indicative pricing set as of June 22. The proceeds will support JSW Infra’s ongoing infrastructure projects and strategic initiatives, reinforcing its position in the sector, according to livemint.com.