StockWatch
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Port & Port services
Corporate Action22 Jun 2026, 07:20 pm

JSW Infra Sets Floor Price at ₹290.35 for QIP

AI Summary

JSW Infrastructure Limited's Finance Committee has approved the opening of a Qualified Institutions Placement (QIP) and set the floor price at ₹290.35 per equity share. This QIP includes a fresh issue of equity shares and an offer for sale by the promoter selling shareholder, Sajjan Jindal Family Trust. The decision follows approvals from the board and shareholders, with the relevant date fixed as June 22, 2026. The company may offer a discount of up to 5% on the floor price. The offer price will be determined in consultation with book running lead managers.

Key Highlights

  • JSW Infra's Finance Committee approved QIP opening on June 22, 2026.
  • Floor price for the QIP set at ₹290.35 per equity share.
  • QIP comprises a fresh issue and promoter's offer for sale.
  • Relevant date for pricing determined as June 22, 2026.
  • Potential discount of up to 5% on the floor price is allowed.