JSW Infrastructure has seen a robust surge of nearly 2 percent in its stock value following reports from the Economic Times suggesting discussions about the acquisition of Gopalpur Ports, the port division of Shapoorji Pallonji (SP).
This potential transaction is estimated to have an enterprise value of Rs 3,000 crore. The divestment is aligned with the Mistry family’s commitments to lenders as per loan covenants.
As of 1:27 PM, JSW Infrastructure shares were trading 1.90 percent higher at ₹168.80.
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JSW Infra