JSW Energy sells 2.5 crore shares of JSW Steel for ₹3,150 cr
pre-market1 source ↓written by the desknot a recommendation
- Energy has sold
- 2.5 crore equity shares
- via a bulk
- ₹3,150 cr
- Stock Exchange
- 18 May
- of JSW Steel
- 4,50,38,350 shares
JSW Energy has sold 2.5 crore equity shares of JSW Steel for ₹3,150 cr via a bulk deal on the National Stock Exchange on 18 May. This divestment leaves JSW Energy with 4,50,38,350 shares of JSW Steel, enhancing its capital for growth initiatives and improving return on capital employed.
This strategic move reflects the company's focus on disciplined capital allocation and long-term value creation for its shareholders.
Not investment advice. For informational purposes only.