JSW Infra’s Rs 1,210 Crore Blockbuster: Promoter Stake Sale Sets Stage for Growth

The Sajjan Jindal Family Trust, a key promoter of JSW Infrastructure, has sold 4.2 crore shares—equivalent to a 2% stake in the company—for Rs 1,210 crore through an open market transaction. The shares were offloaded at an average price of Rs 288.21 apiece, as per bulk deal data on the National Stock Exchange.

 

This strategic sale comes as part of efforts to comply with SEBI’s minimum public shareholding (MPS) norms, which require all listed companies to maintain at least 25% public float within three years of listing. JSW Infrastructure, listed in October 2023, has until September 2026 to meet this mandate.

 

Following the transaction, the Sajjan Jindal Family Trust’s holding in JSW Infrastructure has reduced from 80.72% to 78.72%, while the overall promoter and promoter group stake has dropped from 85.62% to 83.62%.

 

The deal attracted significant institutional interest, with the Government of Singapore acquiring 1.84 crore shares (0.9% stake) for Rs 531 crore at an average price of Rs 288.10 per share. Other buyers were not immediately identified.

 

JSW Infrastructure shares dipped nearly 3% after the stake sale, closing at Rs 288.35 on the NSE. Despite the short-term decline, the stock has gained 18% since its market debut, reflecting strong investor confidence.

 

The promoter group has indicated plans to further pare its stake, if necessary, through March 2026 to fully comply with regulatory requirements.

 

Source: Outlook Business, ABP Live, The Hindu Business Line, NDTV Profit, Business Standard