JSW Steel sees ₹3,150 cr block deal from JSW Energy
JSW Steel recorded a ₹3,150 cr block deal as JSW Energy sold 2.5 crore shares at ₹1,260 each, representing 1% of its equity. This move aims to enhance capital for growth and improve RoCE.
pre-market1 source ↓written by the desknot a recommendation
- traded
- 2.5 crore shares
- each
- ₹1,260
- totaling approximately
- ₹3,150 cr
- of JSW Steel's
- 1%
Shares of JSW Steel experienced a significant block deal on Monday, with 2.5 crore shares traded at an average price of ₹1,260 each, totaling approximately ₹3,150 cr. This transaction, executed by promoter entity JSW Energy, represents about 1% of JSW Steel's outstanding equity.
The divestment aims to enhance JSW Energy's capital for growth strategies while improving its Return on Capital Employed (RoCE), reflecting a commitment to disciplined capital allocation and long-term value creation for shareholders.
Not investment advice. For informational purposes only.