Promoter JSW Investments on Wednesday pared a 1.27 per cent stake in JSW Energy for Rs 717 crore through open market transactions.GQG Partners, Washington State Investment Board, AustralianSuper, Reliance Trust Institutional Retirement Trust Series Twelve, Witan Investment Trust Plc, and Alliance Trust Plc, among others, were the buyers of the shares of JSW Energy.
According to the block deal data available with BSE, JSW Investments offloaded 2.10 crore shares, amounting to a 1.27 per cent stake in JSW Energy. The shares were disposed of at an average price of Rs 341.7 apiece, taking the aggregate transaction value to Rs 717.57 crore. Post the transaction, the shareholding of JSW Investments reduced to 18.95 per cent from a 20.22 per cent stake in JSW Energy at the end of the June quarter. Shares of JSW Energy rose 6.66 per cent to close at Rs 368.10 apiece on BSE.