Cyril Amarchand Mangaldas advised JSW Energy on the sale of shares in JSW Steel through block trades executed on the NSE and BSE trading platforms.
In May 2026, JSW Energy disposed of 25 million equity shares in the company, representing around 1.02% of its equity share capital, for an aggregate consideration of INR31.5 billion (USD331 million).
“The deal was a collaborative exercise between the seller, the broker and counsel. As it was undertaken in a tight timeline, parties had to be closely co-ordinated and align on positions. The JSW Energy team was very proactive and open to discussions with us that helped close out the agreement,” said Gokul Rajan, lead partner for the CAM team.
On the challenges encountered, he added, “The timelines on the deal were crunched and involved quick and intense negotiations on open positions. As seller counsel, we also advised on certain post-trade requirements for the seller and the company, both being listed entities.”
Senior associate Adwait Deshmukh assisted Rajan.
TT&A acted for broker Jefferies India, with partner Abhinav Kumar, managing associate Shubham Sancheti and senior associate Abhishek Iyer leading the team.
