India's JSW Energy Ltd aims to raise up to $1 billion from an initial public offering, a banking source close to the deal said on Thursday, a sale which would follow Reliance Power's planned raising of nearly $3 billion. JSW Energy, a unit of the JSW Group, plans to dilute less than 20 percent of its capital in an issue that could raise 30-40 billion rupees, the source said. The company planned to file initial documents with the market regulator in a couple of weeks. JM Financial, Kotak Mahindra Capital and SBI Capital Markets are among the issue managers.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment