Jindal Family Trust to Sell Rs 12 Bn in JSW Infra Shares
PORTS & SHIPPING

Jindal Family Trust to Sell Rs 12 Bn in JSW Infra Shares

The Sajjan Jindal Family Trust is reportedly preparing to divest shares worth up to Rs 12 billion in JSW Infrastructure via a block deal, as part of efforts to meet regulatory requirements on public shareholding.

The floor price for the sale has been fixed at Rs 288 per share, with as many as 42 million shares on offer.

According to the latest exchange filings, the Trust currently holds an 80.72 per cent stake in the company, while total promoter ownership stands at 85.62 per cent.

In an earlier regulatory disclosure, JSW Infrastructure confirmed that the Sajjan Jindal Family Trust, through its trustees Sajjan Jindal and Sangita Jindal, intends to offload up to 2 per cent of its stake in one or more tranches.

The planned divestment, which will be executed via the open market, is intended to help the company comply with SEBI’s minimum public shareholding (MPS) norms.

The stake sale window is open from 13 May 2025 until 31 March 2026, or until the required MPS level is achieved—whichever comes first.

The Sajjan Jindal Family Trust is reportedly preparing to divest shares worth up to Rs 12 billion in JSW Infrastructure via a block deal, as part of efforts to meet regulatory requirements on public shareholding.The floor price for the sale has been fixed at Rs 288 per share, with as many as 42 million shares on offer.According to the latest exchange filings, the Trust currently holds an 80.72 per cent stake in the company, while total promoter ownership stands at 85.62 per cent.In an earlier regulatory disclosure, JSW Infrastructure confirmed that the Sajjan Jindal Family Trust, through its trustees Sajjan Jindal and Sangita Jindal, intends to offload up to 2 per cent of its stake in one or more tranches.The planned divestment, which will be executed via the open market, is intended to help the company comply with SEBI’s minimum public shareholding (MPS) norms.The stake sale window is open from 13 May 2025 until 31 March 2026, or until the required MPS level is achieved—whichever comes first.

Next Story
Infrastructure Urban

Postal Dept Unveils Stamp Honouring 125 Years of Kodaikanal Observatory

The Department of Posts is proud to release a commemorative postage stamp celebrating 125 years of the Kodaikanal Solar Observatory (KSO). Recognising the legacy of the KSO through this special stamp is a fitting tribute to one of India’s most significant scientific institutions and highlights the nation’s long-standing contribution to global science.The Commemorative stamp was released by S Rajendra Kumar, Chief Postmaster General, Karnataka Circle in the gracious presence of A S Kiran Kumar, Chairperson, Governing Council, IIA and Former Chairman, ISRO and other esteemed guests at Indian..

Next Story
Infrastructure Urban

IIFT Sets Up First Overseas Campus and Expands Global Reach in Dubai

The Indian Institute of Foreign Trade (IIFT), an autonomous body under the Ministry of Commerce and Industry, Government of India, has announced the establishment of its first overseas campus in Dubai, United Arab Emirates. This marks a key step in expanding IIFT’s global presence and strengthening India’s engagement in international business education.This historic development has been made possible with the approvals from the Ministry of Education, and No Objection Certificates from the Ministry of External Affairs, Ministry of Home Affairs, and the University Grants Commission. It marks..

Next Story
Infrastructure Energy

KEC International Bags Rs 11.33 Bn Transmission & Distribution Orders

KEC International, a prominent global infrastructure EPC company and a part of the RPG Group, announced that it had secured new transmission and distribution (T\&D) project orders worth Rs 11.33 billion in India. The company’s shares were expected to draw attention on Monday, May 19.The newly won orders include a significant contract from Power Grid Corporation of India (PGCIL) for the construction of a ±800 kV HVDC transmission line along with a 765 kV GIS substation. Additionally, KEC International secured an order from a leading private developer for a 400 kV Quad transmission line.V..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?