Sajjan Jindal Family Trust, a promoter of JSW Infrastructure, sold a 2% stake in the company for Rs 1,210 crore through an open market transaction on Friday. The move was made to comply with SEBI’s minimum public shareholding requirements.
According to bulk deal data from the National Stock Exchange, the trust—represented by trustees Sajjan Jindal and Sangita Jindal—sold 4.2 crore shares, equivalent to a 2% stake in JSW Infrastructure. The shares were offloaded at an average price of Rs 288.21 each, totaling Rs 1,210.48 crore.
Following the transaction, Sajjan Jindal Family Trust’s stake in JSW Infra fell from 80.72% to 78.72%, while the overall promoter and promoter group holdings dropped from 85.62% to 83.62%.
Meanwhile, the Singapore government acquired 1.84 crore shares, representing a 0.9% stake in JSW Infrastructure, for Rs 531 crore at an average price of Rs 288.10 per share.
Other buyers involved in the deal were not identified on the NSE.
