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Theme(s): Renewable Energy

Tag(s): UAE , India , ADIA

Source: Zawya

India-based JSW Energy Limited has successfully raised Rs 50 billion ($600.26 million) through the sale of shares to institutional investors, including the Abu Dhabi Investment Authority (ADIA).

The qualified institutions placement (QIP) received more than 3.2 times the subscription, the company said in a statement to the Bombay Stock Exchange.

Global asset managers such as GQG, Nomura, Blackrock, UBS and Wellington are among the investors participating in the QIP.

 

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