According to the bulk deal data available on the National Stock Exchange (NSE), the Sajjan Jindal Family Trust (by its trustees by Sajjan Jindal and Sangita Jindal) has a 2 percent stake in Mumbai -based JSW infrastructure.
Shares were flown at an average price of 288.21, which cost the transaction at Rs 1,210.48 crore.
After a recent transaction, the gentleman Jindal Family Trust dropped in JSW Infra. 78.7272 percent. Also, the share of the promoter and promoter group entities has dropped from 85.62 percent to 83.62 percent in the company.
Meanwhile, the Singapore government has made an additional 1.84 crore shares or 0.9 per cent 531 crore in JSW infrastructure.
Shares were taken at an average price of 288.10 per piece, the cost of the deal was Rs. 531.47 crore.
Details of other buyers of JSW infrastructure cannot be identified on the NSE.
On Friday, shares of JSW infrastructure fell 2.93 per cent to close at Rs 288.35 on the NSE.
In the filing on May 9, the gentleman Jindal Family Trust said, “We intend to sell a maximum of 2 percent of the company’s total paid -up equity share capital, in one or multiple narrow, or in multiple narrow, or any other, or any other, in any, or any other, or any other in the chain.
JSW Infrastructure, which entered the stock market on October 3, 2023, has seen an increase of its stock price by 18 per cent in the previous year.
According to SEBI standards, all listed companies are required to maintain at least 25 percent of the public shareholding in the stipulated timeframe after their list. New listed companies are usually given a three -year window to meet this requirement.
JSW Infrastructure is a part of the gentleman Jindal LED-JSW Group and is the second largest private commercial port operator in India with a capacity of 177 million tonnes (MTPA) annually.
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