Authum Investment & Infrastructure on Monday offloaded shares of JSW Energy for Rs 552 crore through an open market transaction.
Authum is a BSE-listed and registered NBFC in the business of investment in shares and securities.
According to the bulk deal data available with the BSE, Authum Investment & Infrastructure sold 1,60,00,000 shares, amounting to a 0.97% stake in JSW Energy.
The shares were disposed of at an average price of Rs 345 apiece, taking the transaction size to Rs 552 crore.
Meanwhile, GQG Partners Emerging Markets Equity Fund acquired more than 1.19 crore shares of JSW Energy at the same price, taking the aggregate transaction value to Rs 411 crore.
Details of the other buyers could not be ascertained.
Shares of JSW Energy gained 1% to close at Rs 345.10 apiece on the BSE.
Last month, JSW Energy reported over 48% decline in consolidated net profit to Rs 290 crore in the April-June quarter due to the one-time impact of non-operational expenses of the recent Mytrah buyout and Ind-Barath 700 MW thermal plant deal under the insolvency route.
The consolidated net profit of the company stood at Rs 560 crore in the quarter ended June 30, 2022.
RECOMMENDED FOR YOU
Building Rs 2 Crore In 10 Years: How Much Do You Need To Invest Monthly?
The Green Pivot: How India Inc Is Turning Climate Goals Into Capital Expenditure
Stock Market Today: All You Need To Know Going Into Trade On Dec 10
VW Pares India EV Development Costs Amid Hunt for A Partner
POPULAR