Sangita Jindal, one of the promoters of JSW Energy is all set to sell 2.82 crore shares on May 22, 2013 to comply with the Securities and Exchange Board of India (SEBI) norms on minimum public share holding requirements. The shares would be offloaded through the Offer for Sale (OFS) window that would fetch at least Rs 173 crore. The floor price of each share is Rs 61.50.
After the sale, the public shareholding in the company would come down to 75% as mandated by capital market regulator SEBI. At the end of 2013 March quarter, Sangita Jindal held 2.52% shareholding in the company.
