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SBI, Apollo Global, Synergy to sell stake in JSW Cement public issue

The New Indian Express Villupuram

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August 05, 2025

JSW Cement has fixed a price band for the ₹3,600 crore public issue at ₹139-147, valuing it at the upper end at ₹20,040 crore.

- BENN KOCHUVEEDAN @Mumbai

The offer opens on August 7.

The issue consists of ₹1,600 crore in fresh issue, making this the largest fresh issue in the cement sector in the past 10 years and ₹2,000 crore in offer for sale by Apollo Global, Synergy and SBI, which had collectively invested ₹1,600 crore in the company in Q3FY22.

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