Shardul Amarchand Mangaldas advises JSW Energy Limited on INR 3,000 crore preferential issuance of equity shares and warrants

March 5, 2026

Shardul Amarchand Mangaldas & Co. advised JSW Energy Limited, an India-incorporated and listed company, on its fund raise of approximately INR 3,000 crores through a preferential allotment of equity shares and convertible warrants.

The fund raise comprises of 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 transaction team was led by Ambarish (Partner) and Manjari Tyagi (Partner), along with Krishaal Morjaria (Principal Associate), Soumya Pradhan (Senior Associate), Tarini Sardesai (Senior Associate), Varun Natarajan (Senior Associate) and Ayushi Choudhary (Associate).