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Informist, Thursday, Aug. 13, 2026

NEW DELHI – JSW Cement Ltd. said its board has approved the sale of stake worth up to INR 1.23 billion in JSW One Platforms Ltd. as part of the latter's proposed initial public offering. The sale will be through an offer for sale, under which JSW Cement will part with its stake as a promoter selling shareholder, according to the exchange filing.
 

This means the shares being offered are already held by JSW Cement and are not new shares being issued by JSW One Platforms. JSW Cement said the price and other details of the proposed initial public offering would be decided in due course. The company said the proposed offer for sale would not fall under related-party transaction.

For the June quarter, JSW Cement reported a consolidated net profit of INR 1.61 billion on revenue of INR 18.96 billion. On Thursday, shares of the company ended at INR 131.08 on the National Stock Exchange, up 0.4%.  End

Reported by Gunjan Rajput 

Edited by Avishek Dutta

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