In a major corporate move on Monday, JSW Energy announced that it has successfully divested 25 million equity shares of JSW Steel. The transaction, executed through a bulk deal on the National Stock Exchange of India Limited (NSE), fetched the power producer a massive ₹3,150 crore in gross proceeds.
According to a regulatory filing, the sale involved 2,50,00,000 equity shares with a face value of ₹1 each. Following this substantial transaction, JSW Energy’s remaining balance holding in JSW Steel stands at 4,50,38,350 equity shares.
The company stated that the divestment is part of a calculated, strategic liquidity release. By monetizing a portion of its shareholding in the steel major, JSW Energy aims to unlock significant capital to fuel its ongoing growth strategy.
Furthermore, the company highlighted that this financial move will improve its Return on Capital Employed (ROCE). It reinforces JSW Energy’s commitment to a disciplined capital allocation strategy, ultimately driving long-term value creation for its shareholders.
