JSW Energy Limited has raised approximately ₹3,000 crore through a preferential allotment of equity shares and convertible warrants.

The fund raise comprises issuance of approximately 95,23,809 equity shares aggregating to about ₹500 crore and 4,76,19,047 warrants aggregating to about ₹2,500 crore, to JTPM Metal Traders Limited. Each warrant carries the right to subscribe to one equity share of the Company within a period of 18 months from the date of allotment.

Shardul Amarchand Mangaldas & Co advised JSW Energy on this preferential issue.

The transaction team was led by Ambarish (Partner) and Manjari Tyagi (Partner), along with Krishaal Morjaria (Principal Associate), Soumya Pradhan (Senior Associate), Tarini Sardesai (Senior Associate), Varun Natarajan (Senior Associate) and Ayushi Choudhary (Associate).

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