Indian Metals and Ferro Alloys Limited (IMFA) announced the allotment of the second tranche of equity shares by JSW Renew Energy Twelve Limited (JRETL). This allotment, comprising 2,56,14,000 Equity Shares at ₹10 each, for a total consideration of ₹25,61,40,000, was confirmed on November 2, 2026. Following this transaction, IMFA’s shareholding in JRETL now stands at 26% of its paid-up share capital.
IMFA Strengthens JSW Renew Energy Stake
Indian Metals and Ferro Alloys Limited (IMFA) has announced a significant development in its investment in renewable energy. The company informed exchanges about the allotment of the second tranche of equity shares from JSW Renew Energy Twelve Limited (JRETL). This move further solidifies IMFA’s strategic position in the renewable energy sector.
Key Allotment Details
The allotment, which took place on November 2, 2026, involved 2,56,14,000 Equity Shares of JRETL, each with a face value of ₹10. The aggregate consideration for this second tranche amounts to ₹25,61,40,000. IMFA confirmed that it received confirmation of this allotment from JRETL on the same date, November 2, 2026.
Increased Shareholding
As a direct consequence of this allotment, IMFA’s shareholding in JSW Renew Energy Twelve Limited has been enhanced. The company now holds 26% of JRETL’s total paid-up share capital. This increase in stake underscores IMFA’s commitment to its renewable energy ventures and its growing presence in this vital sector.
Source: BSE
