Cyril Amarchand Mangaldas has guided JSW Energy on its divestment of 25 million equity shares in JSW Steel for INR 3,150 crores, through a bulk deal on the national stock exchange of India. Talwar Thakore & Associates guided Jefferies India, which acted as the sole broker in relation to the sale of the shares on this transaction.
“The monetisation of a part of the shareholding in JSW Steel Limited not only releases capital for pursuing Company’s growth Strategy but also improves Return on Capital Employed for the Company reinforcing the Company’s commitment to disciplined capital allocation and long-term value creation for shareholders,” JSW Energy noted in an exchange filing.
JSW Energy disclosed that after this transaction its balance holding is 4,50,38,350 equity shares of JSW Steel.
CAM’s transaction team comprised partner (regional co-head – capital markets – north) Gokul Rajan, and senior associate Adwait Deshmukh.
T&A’s transaction team included partner Abhinav Kumar, managing associate Shubham Sancheti and senior associate Abhishek Iyer.
