JSW Energy plans to raise Rs. 12,500-cr for capex, expansion.

Power producer JSW Energy is planning to raise up to Rs. 12,500 crore through issuance of various securities as it eyes organic and inorganic ways to expand business.

The firm, part of USD 11 billion Sajjan Jindal led-JSW Group, will seek shareholders' approval next month for raising up to Rs. 5,000 crore for ongoing capital expenditure and another Rs. 7,500 crore to pursue 'organic and inorganic growth opportunities', among others.

To augment long term resources for financing ongoing capital expenditure and for general corporate purposes, among others, JSW Energy 'may offer or invite subscription to secured/unsecured redeemable non-convertible debentures on private placement basis'.


BS