Shardul Amarchand Mangaldas Advised JSW Energy Limited On INR 3,000 Crore Preferential Issuance Of Equity Shares And Warrants

Shardul Amarchand Mangaldas Advised JSW Energy Limited on INR 3,000 Crore Preferential Issuance of Equity Shares and Warrants

The leading law firm in India, Shardul Amarchand Mangaldas & Co. (“SAM”) advised JSW Energy Limited on its fund raise of approximately INR 3,000 crores through a preferential allotment of equity shares and convertible warrants.

The fund raise comprises the issuance of approximately 95,23,809 equity shares aggregating to about INR 500 crores and 4,76,19,047 warrants aggregating to about INR 2,500 crores to JTPM Metal Traders Limited. Each warrant carries the right to subscribe to one equity share of the company within a period of 18 months from the date of allotment.

The SAM team was led by Ambarish (Partner) and Manjari Tyagi (Partner), with support from Krishaal Morjaria (Principal Associate), Soumya Pradhan (Senior Associate), Tarini Sardesai (Senior Associate), Varun Natarajan (Senior Associate), and Ayushi Choudhary (Associate).

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