JSW Energy share price rises 8% as firm to acquire O2 Power’s green energy platform
Live MintStock Market Today: JSW Energy share price gained almost 8% in morning trade on Monday as it announced plans to acquire a 100% stake in O2 Power Midco Holdings, O2 Energy SG Pte and their subsidiaries. JSW Energy share price thereafter rose to the day's highs of ₹673.05, marking gains of almost 8%. JSW Energy on Friday pot market hours announced that JSW Neo Energy, a wholly-owned subsidiary of the company, has agreed to acquire 100% interest in O2 Power Midco Holdings Pte Limited and O2 Energy SG Pte Limited and their subsidiaries, having a consolidated operational and under construction /development renewable energy portfolio of 4.7 GW in India. Analysts Views JSW Energy has been shifting gears towards renewable energy over the last couple of years, as is evidenced by their locked-in RE portfolio of 15.3GW at end-Q2FY25, said analysts at ICICI Securities.