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VERIFIEDET Markets·positive

How JSW Energies’ Rs 3,150-crore JSW Steel stake sale will help lower debt, Jefferies explains

AI Summary
  • ·JSW Energy will sell a Rs 3,150-crore stake in JSW Steel to GQG Partners and SBI Mutual Fund.
  • ·The stake sale is expected to strengthen JSW Energy's balance sheet by lowering leverage.
  • ·Jefferies has upgraded its target price for JSW Energy to Rs 675 following the announcement.
SBINJSWSTEELJSWENERGY
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