S&R Associates Advised JSW Energy On INR 12 Billion NCD Issuance

S&R Associates advised JSW Energy on INR 12 billion NCD issuance

S&R Associates advised JSW Energy Limited, a listed Indian power company, in connection with its issuance of listed non-convertible debentures (NCDs) aggregating to INR 12 billion on a private placement basis.

On 4 March 2025, JSW Energy’s Finance Committee approved the allotment of 1,20,000 unsecured, rated, listed, taxable, redeemable NCDs of INR 1,00,000 each. The issue, amounting to INR 1,200 crore, is listed on BSE Limited and comprises two tranches — with tenures of 3 and 5 years, and coupon rates of 8.75% and 8.80%, respectively.

The S&R Associates team was led by Arpita Garg (Partner), with support from Harshdeep Singh B. (Associate), Prajjwal Tiwari (Associate), and Insha Rahman (Associate).

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