India: JSW Energy shareholders clear plan to raise up to $3.2b

India: JSW Energy shareholders clear plan to raise up to $3.2b

Sajjan Jindal. Photo: S. Kumar/Mint

Sajjan Jindal is readying a war chest to buy out stressed assets in the power sector. Shareholders of Jindal-promoted JSW Energy Ltd on Thursday voted to give the company board the power to raise up to Rs21,000 crore through various securities.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter