JSW Energy sells ₹3,150 crore stake in JSW Steel
pre-market1 source ↓written by the desknot a recommendation
- of JSW Steel
- 25 crore shares
- to release capital
- ₹3,150 crore
- worth
- 1.5 crore shares
- worth
- ₹1,890 crore
- Mutual Fund bought
- 1 crore shares
JSW Energy has sold 25 crore shares of JSW Steel for ₹3,150 crore to release capital for its power generation expansion. GQG Partners acquired 1.5 crore shares worth ₹1,890 crore, while SBI Mutual Fund bought 1 crore shares for ₹1,260 crore. This strategic move aims to enhance capital allocation and support growth initiatives.
Not investment advice. For informational purposes only.