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JSW Energy prices IPO at lower end, gets $579 m

Posted on: December 16th 2009 in Press Releases.

JSW Energy has raised Rs 2700 crore ($579 million) in its initial public offer after it priced the sale at the lower end of the 100-115 rupees per share band following a tepid investor response. The company will issue shares to retail individual bidders at a Rs 5 discount to the issue p…

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