Announced Fri, 17 Jul · 19:46 IST
JSW Steel to sell up to Rs 811 cr of JSW One Platforms shares in its IPO
Compliance View source PDF
JSWCEMENT · price
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Price reaction · full curve 14 horizons · vs prior close
+1.1%1-day move
₹139.58
prior close
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After-mkt
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AI summary
JSW Cement is forwarding news that its JV partner JSW Steel's board approved selling up to Rs 811 crores of shares in JSW One Platforms Limited (JOPL) as a Promoter Selling Shareholder in JOPL's proposed IPO. JOPL contributed a Rs 90 crore loss to JSW Steel in FY26 (0.35 percent of consolidated net profit). Not a related party transaction. IPO pricing to be decided later. JSW Cement will update if its board considers this matter.
Likely market impact
Largely informational for JSW Cement; the JOPL IPO decision is by JV partner JSW Steel. No direct financial impact on JSW Cement stated yet.