Economy

JSW One Platforms Files Draft Papers for ₹3,054 Crore IPO

The Hindu23h
THE BRIEF
1

JSW One Platforms has filed draft papers with SEBI for an initial public offering to raise up to ₹3,054 crore.

2

The proposed public issue comprises a fresh issue of equity shares worth up to ₹1,300 crore and an Offer for Sale of up to ₹1,754.01 crore.

3

The company plans to invest ₹500 crore from net proceeds in JSW One Finance to augment its capital base and ₹350 crore for technology development.