JSW Energy Unloads Stake in JSW Steel for Rs 3,150 Crore

JSW Energy sold 2.5 crore shares of JSW Steel for Rs 3,150 crore via a bulk deal on the NSE. The transaction aims to release capital to enhance growth and improve return on capital employed, reflecting a commitment to strategic capital allocation and shareholder value.

JSW Energy has announced the sale of 2.5 crore equity shares in JSW Steel, amounting to Rs 3,150 crore, through a bulk deal on the National Stock Exchange of India Ltd.

This transaction leaves JSW Energy with a remaining balance of 4,50,38,350 equity shares in JSW Steel, according to regulatory filings. The divestiture, conducted on May 18, was strategically aimed at unlocking liquidity for the company's growth plans.

The move not only releases capital but also enhances the return on capital employed, underscoring JSW Energy's dedication to disciplined capital allocation and creating long-term value for its shareholders.