Other Deals - Listed Firms
US-based GQG Partners sells 1% stake in JSW Energy for Rs.677-Cr
US-based investment firm GQG Partners has sold about a 1% stake in Mumbai-based JSW Energy for INR 677 crore through a block deal. The transaction involved offloading 1.5 crore shares at INR 444 per share.JSW Energy reported a net profit of INR 705 crore for the second quarter, marking a 17.4% year-on-year decline from INR 853 crore in the previous year. The company's revenue for the quarter decreased 60% to INR 5,177.4 crore compared to INR 3,238 crore in the corresponding period last year.
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