JSW Neo Energy to acquire O2 Power at enterprise value of $1.47 billion
1 week, 6 days ago

JSW Neo Energy to acquire O2 Power at enterprise value of $1.47 billion

Live Mint  

New Delhi: JSW Neo Energy, a wholly-owned subsidiary of JSW Energy Ltd, is set to acquire renewable energy platform O2 Power at an enterprise value of $1.47 billion. In a statement, JSW Energy said that the transaction entails acquisition of O2 Power Midco Holdings Pte. Sharad Mahendra, joint managing director and CEO of JSW Energy, said: “We are thrilled to announce the acquisition of O2 Power’s 4.7 GW renewable energy platform which is JSW Energy’s largest acquisition since inception. Earlier this month, JSW Energy said in a regulatory filing that it has secured multiple renewable energy projects in the commercial and industrial power market, achieving a total locked-in generation capacity of 20 GW.

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History of this topic

JSW Energy Shares Rally Ahead In The Stock Market, Find Out Why
Trending News
1 week, 3 days ago

JSW Energy Shares Rally Ahead In The Stock Market, Find Out Why

ABP News  

JSW Energy shares made a strong rally on Monday. This climb in the firm’s stock followed the announcement that its wholly-owned subsidiary JSW Neo Energy signed definitive agreements with the O2 Power group. The agreement will be inked between JSWNEL, O2 Power Pooling and O2 Power SG to acquire O2 Power Midco Holdings and O2 Energy SG along with their …

JSW Energy share price gains 6%. Why are brokerages bullish on the stock?
1 week, 3 days ago

JSW Energy share price gains 6%. Why are brokerages bullish on the stock?

India Today  

Shares of JSW Energy jumped by over 6% in early trade on December 30 after the company’s wholly-owned subsidiary, JSW Neo Energy, signed a definitive agreement to acquire O2 Power. The acquisition, valued at Rs 12,468 crore after adjusting for net current assets, has been positively received by market experts, who see it as a strong step towards enhancing JSW …

Stocks to watch today: Ola Electric, Hero MotoCorp, JSW Energy, Reliance Power
Trending News
1 week, 3 days ago

Stocks to watch today: Ola Electric, Hero MotoCorp, JSW Energy, Reliance Power

India Today  

The stock market witnessed consolidation last week, as investors remained cautious amid persistent selling by Foreign Institutional Investors and muted global cues during the year-end festive season. Today, several stocks are in the spotlight due to key developments such as Reliance Power, Ola Electric, Hero MotoCorp, JSW Energy, etc. OLA ELECTRIC Ola Electric has seen key resignations with Chief Marketing …

JSW Energy shares jump 6% today: Kotak sees 56% downside
8 months ago

JSW Energy shares jump 6% today: Kotak sees 56% downside

Hindustan Times  

JSW Energy share price: Shares of JSW Energy rose 6 per cent today after the company declared March quarter results and announced its final dividend for FY23. JSW Energy share price: JSW Energy reported a 22.4 per cent YoY rise in net profit at ₹ 345.30 crore for the March quarter. JSW Energy Q4 results JSW Energy reported a 22.4 …

JSW Energy raises ₹5,000 cr QIP to accelerate growth plans
9 months ago

JSW Energy raises ₹5,000 cr QIP to accelerate growth plans

Live Mint  

JSW Energy Ltd., a part of the $23 billion JSW Group, announced that it has successfully raised ₹5,000 crore through the qualified institutions placement to accelerate its growth plans. The company further said that out of the ₹5,000 crore proceeds, it plans to use ₹3,139 crore towards prepayment of debt, while ₹611 crore will be used towards investment in Neo …

JSW Energy, IndiGo promoters pare stakes in large bulk deals
1 year, 4 months ago

JSW Energy, IndiGo promoters pare stakes in large bulk deals

Live Mint  

Mumbai: JSW Investments Pvt Ltd, the promoters of Sajjan Jindal-led JSW Group’s power generation arm JSW Energy Ltd, on Wednesday sold 1.3% stake or 21 million shares in the company, primarily to Rajiv Jain-led US-based asset manager GQG Partners Llp, for ₹717.6 crore in a bulk deal, according exchange filings. GQG Partners alone bought almost 1% stake or 16.7 million …

JSW Energy Shares Jump 6% on Strong Q1 Results; What Should Investors Do Now?
2 years, 5 months ago

JSW Energy Shares Jump 6% on Strong Q1 Results; What Should Investors Do Now?

News 18  

Shares of the power producing company JSW Energy jumped up to 6 per cent as the company reported strong 1QFY23 results with 135 per cent YoY profit growth, on the back of higher revenues. Buoyed by the strong earnings, JSW Energy stock opened with a gain of 4.91 per cent at Rs 245.70 today against the previous close of Rs …

O2 Power to buy stake in Hero Future Energies’ Rajasthan SPV
3 years, 10 months ago

O2 Power to buy stake in Hero Future Energies’ Rajasthan SPV

Live Mint  

NEW DELHI: O2 Power, promoted by European alternative asset manager EQT and Temasek, is acquiring a 49% stake in Rahul Munjal-led Hero Future Energies Pvt. Hero Future Energies sold 20% stake for $150 million to Masdar, also known as Abu Dhabi Future Energy Co. in November 2019, valuing the New Delhi-based company at $750 million. The O2 Power-Hero Future Energies …

India's ReNew Power To List On NASDAQ With $8 Billion Valuation
3 years, 10 months ago

India's ReNew Power To List On NASDAQ With $8 Billion Valuation

ABP News  

Mumbai: India's largest renewable energy producer ReNew Power has agreed to list on NASDAQ with an enterprise value of $8 billion as it decided to merge with the blank-check company RMG Acquisition Corporation II. The transaction would further bolster ReNew's leading position in solar and wind energy generation for the Indian market by funding medium-term growth opportunities and paying down …

Adani Green Transfers 205 MW Solar Assets to JV with TOTAL for Rs 1,632 Crore
4 years, 2 months ago

Adani Green Transfers 205 MW Solar Assets to JV with TOTAL for Rs 1,632 Crore

News 18  

Adani Green Energy Ltd on Thursday said it has transferred 205 MW solar assets to its JV business with French energy major TOTAL SA for about Rs 1,632 crore. In a BSE filing, the company said it had earlier formed a 50:50 JV with TOTAL for 2,148 mega watt solar power assets in India. "The JV has today completed another …

JSW Energy in talks to acquire GMR's thermal power plant in Odisha
5 years, 3 months ago

JSW Energy in talks to acquire GMR's thermal power plant in Odisha

India TV News  

JSW Energy and GMR Infrastructure have entered into exclusive discussions regarding the sale of GMR's thermal power plant in Odisha, both the companies informed the stock exchange. "JSW Energy Limited has entered into exclusive discussions with GMR Energy Limited for potential acquisition of its subsidiary, GMR Kamalanga Energy Limited, which owns and operates a 1050 MW thermal power plant in …

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