JSW Energy board approves raising upto Rs 750 cr

Source: The Hitavada      Date: 28 Dec 2016 08:23:46


NEW DELHI,

Dec 27,

(PTI),

JSW Energy Tuesday said its board had given nod to raise funds upto Rs 750 crore through issuance of redeemable non-convertible debentures 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, the Sajjan Jindal-led company said in a BSE filing.

“The board (which met today) has approved the raising of funds upto Rs 750 crore through issuance of redeemable non-convertible debentures by way of private placement,” the regulatory filing said.