Liquidity Events
Apollo Global sells JSW Cement shares worth Rs.568-Cr
AP Asia Opportunistic Holdings, owned by the US-based private equity firm Apollo Global Management, has sold a 3.4% stake in Mumbai-headquartered JSW Cement via open market deals on May 22. The firm offloaded 4.58 crore equity shares representing a 3.36% stake.
In Jul 2021, JSW Cement had attracted about $ 202 M from Apollo Management and Synergy Capital. For FY25, JSW Cement had reported about INR 5,505 Cr in Operating Income and about INR 102 Cr in PAT. (Subscribers to the database can login to view the detailed financials.)
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