AP Asia Opportunistic sells over 3% stake in JSW Cement via block deal
This story was originally published at 22:26 IST on 22 May 2026
Register to read our real-time news.Informist, Friday, May 22, 2026
MUMBAI – AP Asia Opportunistic Holdings has sold almost all of its stake in JSW Cement Ltd. in a block deal on the National Stock Exchange on Friday. AP Asia sold 42.82 million shares, accounting for a 3.1% stake in JSW Cement, out of the 46.41 million shares it held at the end of the March quarter. The deal happened at INR 124 per share, data from the NSE showed.
Several mutual funds bought a stake in JSW Cement, data showed. ICICI Prudential Mutual Fund bought nearly 1% stake in JSW Cement at INR 124 per share. Other mutual funds that bought a stake in JSW Cement included SBI Mutual Fund, Whiteoak Capital Mutual Fund, and Edelweiss Mutual Fund
For the March quarter, JSW Cement reported a consolidated net profit of INR 3.71 billion on revenues of INR 18.95 billion. Friday, JSW Cement's shares closed at INR 137.99 on NSE, up 8.3% from Thursday. End
Reported by Anshul Choudhary
Edited by Saji George Titus
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
