Florida Retirement System
Overview
Oversight and management of state financial investments and operations.
Deals · 12mo
0
Links
Stage focus
Geographic focus
Sector focus
Investment portfolio
- JSW Cement
Participated · Equity · Aug 2025
JSW Cement operates manufacturing facilities at Vijayanagar (Karnataka), Nandyal (Andhra Pradesh), Salboni (West Bengal), Jajpur (Odisha) and Dolvi (Maharashtra), and through subsidiary Shiva Cement runs a clinker unit in Odisha. The company is raising capital via a public issue comprising a fresh issue of up to ₹1,600 crore and an Offer for Sale of up to ₹2,000 crore, with the issue price fixed at ₹147 per equity share. JSW Cement plans to use ₹800 crore of the fresh-issue proceeds to build a new integrated cement plant in Nagaur, Rajasthan, and ₹520 crore for debt repayment, with the remainder for general corporate purposes. The IPO had an anchor allocation of 7.35 crore equity shares at ₹147 each, and the public issue will close on August 11. Fifty-two financial institutions participated as anchor investors in the allocation. The company’s near-term capital actions are focused on funding expansion and reducing leverage.