The proposed fund raise, which could exceed ₹6,000 crore, is being considered to support the company’s expansion plans and help it meet SEBI’s minimum public shareholding (MPS) norms.
The development comes months after JSW Infrastructure’s board approved fundraising through the issuance of up to 25 crore shares in February.
The company is in the middle of a large-scale investment cycle. It has outlined a capital expenditure plan of ₹30,000 crore for the period between FY25 and FY30, with nearly ₹16,500 crore of capex planned up to FY28.
A QIP would allow the company to raise equity capital from institutional investors while strengthening its balance sheet for upcoming infrastructure projects.
SEBI regulations require listed companies to maintain a minimum level of public shareholding, and a QIP is one of the routes companies can use to comply with the norms while simultaneously raising growth capital.
