StockWatch
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Port & Port services
Corporate Action22 Jun 2026, 07:30 pm

JSW Infra Finance Committee Approves Offer for Sale at ₹290.35

AI Summary

JSW Infrastructure Limited's Finance Committee has approved an Offer for Sale (OFS) of Equity Shares by the Promoter Selling Shareholder, Sajjan Jindal Family Trust. The committee authorized the opening of the offer on June 22, 2026, and set the floor price at ₹290.35 per Equity Share. This move is part of a qualified institutions placement comprising a fresh issue and the OFS. The relevant date for determining the floor price was fixed as June 22, 2026, with a potential discount of up to 5% on the floor price allowed. The offer price will be finalized in consultation with book running lead managers.

Key Highlights

  • Finance Committee approved Offer for Sale by promoter.
  • Floor price set at ₹290.35 per Equity Share.
  • Offer opens June 22, 2026, with potential 5% discount.
  • Part of qualified institutions placement.