JSW Energy Limited has announced the allotment of 1,20,000 unsecured, rated, listed, taxable, redeemable Non-Convertible Debentures (NCDs) with a face value of Rs 1,00,000 each, aggregating to Rs 1,200 crore. The issuance, approved by the company’s Finance Committee on March 4, 2025, is part of the company’s plan to raise up to Rs 3,000 crore through NCDs.
Key Details of the Issuance:
- Issue Size: Rs 1,200 crore
- Type of Issuance: Private placement
- Listing: The NCDs will be listed on BSE Limited
- Tenure:
- Tranche 1: 3 years (Maturity on March 3, 2028)
- Tranche 2: 5 years (Maturity on March 4, 2030)
- Coupon / Interest Rate:
- Tranche 1: 8.75%
- Tranche 2: 8.80%
- Payment Schedule:
- Tranche 1: March 2026, March 2027, March 2028
- Tranche 2: March 2026, March 2027, March 2028, March 2029, March 2030
- Security: The NCDs are unsecured with no specific charge on assets.
The funds raised will likely be utilized for growth initiatives, refinancing, or general corporate purposes in line with JSW Energy’s expansion plans.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
