JSW Energy Sells Shares in Strategic Move

JSW Energy took significant action on Monday by selling 2.5 crore equity shares of JSW Steel, amounting to Rs 3,150 crore, through a bulk deal on the National Stock Exchange of India Ltd.

This transaction, completed on May 18, leaves JSW Energy with a remaining holding of 4,50,38,350 equity shares in JSW Steel Ltd, as stated in a recent regulatory filing.

The strategic sale serves to release capital, which will support JSW Energy's growth initiatives, enhance returns on capital employed, and underscore their commitment to disciplined capital allocation and sustainable shareholder value.

(With inputs from agencies.)