JSW Energy board approves ₹10,000 crore fundraise via QIP

• JSW Energy's board approved a ₹10,000 crore fund raise.
• Funds will be raised via Qualified Institutional Placement (QIP) or other securities.
• The company plans to issue 95.23 lakh shares and 4.76 crore convertible warrants to promoters at ₹525 per share/warrant.
• These fund-raising activities are subject to shareholder and statutory approvals.
• US-based GQG Partners recently sold a 1% stake in JSW Energy for ₹677 crore via a block deal.

Why It Matters: This fundraise could boost JSW Energy's growth and stock value.