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Markets | 7 anchor investors given 42 mn of JSW shares

Markets | 7 anchor investors given 42 mn of JSW shares
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First Published: Sat, Dec 05 2009. 12 40 AM IST
Updated: Sat, Dec 05 2009. 12 40 AM IST
Mumbai: Seven anchor investors were on Friday allotted 42 mn shares at Rs110 each for a total of Rs464.86 crore as part of the initial public offering (IPO) by JSW Energy Ltd.
In a statement to the Bombay Stock Exchange, JSW Energy said the anchor investors were Eton Park International Llp, Valiant Mauritius Partners Ltd, Deutsche Securities Mauritius Ltd, Credit Suisse Singapore Ltd, Highfields Capital Management LP, Valiant Mauritius Partners Offshore and Reliance Capital Trustee Co. Ltd.
JSW Energy had on Thursday set the pricing of its IPO at Rs100-Rs115 a share, with a discount of Rs5 to retail investors.
The company plans to raise about Rs2,700 crore from the IPO to fund its expansion plan to raise generation capacity from the current 1000 MW to 7000 MW by 2012-14.
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First Published: Sat, Dec 05 2009. 12 40 AM IST
More Topics: JSW | Shares | IPO | Bombay Stock Exchange | BSE |