Sajjan Jindal Family Trust sells a 2% participation in JSW infrastructure to comply with Sebi’s public participation standards. | Photo credit: Reuters
Sajjan Jindal Family Trust, one of the JSW infrastructure promoters, dismissed a 2 percent participation in the company on Friday for ₹ 1,210 million rupees through an open market transaction.
The last transaction occurred as the promoter entity must comply with the minimum public participation standards (MPS) of the Sebi market regulator.
According to data according to bulk notables in the National Stock Exchange (NSE), Sajjan Jindal Family Trust (through their trusts, Sajjan Jindal and Sangita Jindal) sold 4.2 cres, ascending to a 2 percent participation in Mumbai.
The shares were discharged at an average price of ₹ 288.21 each, carrying the value of the transaction to ₹ 1,210.48 million rupees.
After the last transaction, the possession of Sajjan Jindal Family Trust in JSW Infra has decreased to 78.72 percent of 80.72 percent. In addition, the participation of the promoter and entities of the group of promoters has been reduced to 83.62 percent of 85.62 percent in the company.
Meanwhile, the Singapore government collected an additional participation of 1.84 million rupees or a 0.9 percent participation in the JSW infrastructure for ₹ 531 million rupees.
The shares were collected at an average price of ₹ 288.10 per piece, carrying the value of the agreement to ₹ 531.47 million rupees.
The details of the other buyers or the actions of the JSW infrastructure cannot be identified in the NSE.
On Friday, JSW actions or infrastructure fell 2.93 percent to close to ₹ 288.35 each in the NSE.
In a presentation on May 9, Sajjan Jindal Family Trust said: “We intend to sell up to 2 percent of the company’s total social capital
JSW Infrastructure, which made its stock market market on October 3, 2023, has witnessed a 18 percent increase in the price of its shares during the past year.
According to Sebi’s standards, all companies listed have the mandate of a minimum of a minimum public participation or 25 percent within a stipulated time frame after their list. Justly listed companies are generally awarded a three -year window to meet this requirement.
JSW’s infrastructure is part of the Sajjan Jindal Led-JSW group and is the second largest private port operator in India with a capacity of 177 million tons per year (MTPA).
Posted on May 17, 2025