Sajjan Jindal Family Trust is reportedly planning to sell shares worth up to Rs 1,200 crore in JSW Infrastructure through a block deal, ET Now reported.
The floor price for the offer has been set at Rs 288 per share, with up to 42 million shares on offer.
As per the latest exchange data, the Trust currently holds a majority 80.72% stake in the company. The total promoter holding stands at 85.62%.
Earlier in a regulatory disclosure, JSW Infrastructure confirmed that the Sajjan Jindal Family Trust, through its trustees Sajjan Jindal and Sangita Jindal, intends to divest up to 2% of its stake in one or more tranches. The sale is aimed at helping the company meet SEBI’s minimum public shareholding (MPS) requirement. The proposed divestment will take place through the open market between May 13, 2025, and March 31, 2026, or until the target is achieved, whichever is earlier.
JSW Infrastructure, which debuted on the stock exchanges on October 3, 2023, has seen its share price rise by 18% over the past year. As per SEBI norms, all listed companies are required to maintain at least 25% public shareholding within a specified time frame post-listing. Newly listed entities are generally given a three-year window to comply.
JSW Infra is the second-largest private port operator in India, with a current capacity of 177 million tonnes per annum (mtpa). The company is also scaling up its logistics business and aims to achieve a topline of Rs 8,000 crore by FY30.
The floor price for the offer has been set at Rs 288 per share, with up to 42 million shares on offer.
As per the latest exchange data, the Trust currently holds a majority 80.72% stake in the company. The total promoter holding stands at 85.62%.
Earlier in a regulatory disclosure, JSW Infrastructure confirmed that the Sajjan Jindal Family Trust, through its trustees Sajjan Jindal and Sangita Jindal, intends to divest up to 2% of its stake in one or more tranches. The sale is aimed at helping the company meet SEBI’s minimum public shareholding (MPS) requirement. The proposed divestment will take place through the open market between May 13, 2025, and March 31, 2026, or until the target is achieved, whichever is earlier.
JSW Infrastructure, which debuted on the stock exchanges on October 3, 2023, has seen its share price rise by 18% over the past year. As per SEBI norms, all listed companies are required to maintain at least 25% public shareholding within a specified time frame post-listing. Newly listed entities are generally given a three-year window to comply.
JSW Infra is the second-largest private port operator in India, with a current capacity of 177 million tonnes per annum (mtpa). The company is also scaling up its logistics business and aims to achieve a topline of Rs 8,000 crore by FY30.
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