JSW Steel sees ₹3,150 cr block deal from JSW Energy
after close1 source ↓written by the desknot a recommendation
- changing hands
- 2.5 crore shares
- of its outstanding
- 1%
- average price
- ₹1,260
- totaling approximately
- ₹3,150 cr
Shares of JSW Steel experienced a significant block deal on Monday, with 2.5 crore shares changing hands, representing 1% of its outstanding equity. The shares were traded at an average price of ₹1,260, totaling approximately ₹3,150 cr. This transaction, confirmed by JSW Energy, aims to enhance capital allocation and improve Return on Capital Employed (RoCE).
Not investment advice. For informational purposes only.