According to reports, the Sajjan Jindal Family Trust plans to sell shares in JSW Infrastructure for up to ₹1,200 crore in a block deal. The offer includes up to 42 million shares at a floor price of ₹288 per share.
According to the latest exchange data, the Sajjan Jindal Family Trust owns 80.72 percent of JSW Infrastructure. The total promoter shareholding in the company is 85.62 percent.
Sale based on Sebi's minimum public shareholding norms
The upcoming stake sale is part of a larger effort to meet regulatory requirements. The Sajjan Jindal Family Trust, which is represented by trustees Sajjan and Sangita Jindal, intends to sell up to 2% of its assets in one or more tranches, according to a recent regulatory filing by JSW Infrastructure.
Sajjan Jindal Family Trust intends to sell up to 2% of its stake in one or more tranches on the open market between May 13th, 2025, and March 31st, 2026, subject to any other acceptable methods of meeting the minimum public shareholding in terms of the applicable law, according to the company's May 9 disclosure."
Within a certain time frame following listing, listed companies are required by Sebi regulations to maintain a minimum of 25% public shareholding. Newly listed entities are typically given three years to comply.
JSW Infrastructure made its market debut on October 3, 2023. According to the news report, the company's stock price has increased by 18% since its listing.
What exactly constitutes an open market divestment?
Open market divestment is the process by which a company, organization, or government sells its stake or assets directly on the stock market, allowing shares to be purchased by the general public or institutional investors. This method improves transparency and increases ownership among market participants.
JSW Group plans to acquire a 75% stake in AkzoNobel India
In a deal worth about ₹12,000 crore, the JSW Group is almost ready to buy a 75% share in AkzoNobel India, the company that makes Dulux paints, from its Dutch parent.
As the business looks to grow in a market that has seen more competition, the acquisition would be JSW's most recent entry into the rapidly expanding consumer-facing paints industry. The transaction would effectively give JSW control over the company.
In order to finance the deal, the Jindal family reportedly contemplated selling a 2% share in JSW Infrastructure. They may also look to private equity partners for funding.
Following the submission of binding offers by Pidilite Industries and Indigo Paints, two of the shortlisted bidders, interest in purchasing AkzoNobel India surged last month. Additionally, US-based private equity firm Blackstone submitted non-binding bids during earlier phases of the process, underscoring AkzoNobel's strategic importance in India.a
