The company said part of a strategic liquidity release.
The monetisation of a part of the shareholding in JSW Steel not only releases capital for pursuing Company’s growth Strategy but also improves Return on Capital Employed for the Company reinforcing the Company’s commitment to disciplined capital allocation and long-term value creation for shareholders, JSW Energy said.
Prior to the sale, JSW Energy held 7,00,38,350 shares or 2.86 per cent stake in JSW Steel. Now it will hold 4,50,38,350 shares.
