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JSW Infrastructure Ltd., a unit of tycoon Sajjan Jindal’s steel-to-cement conglomerate, is planning an initial public offering by March 2024.
The Mumbai-based company, which operates seaports and terminals, will soon start the process of engaging investment bankers and professional agencies to facilitate the listing, Joint Managing Director Arun Maheshwari said in an interview. The firm will take a “balanced view” on geopolitical risks and inflationary pressures among other factors while deciding on the timing for the listing, he said.
He didn’t provide additional details on the possible size of the stake sale or the amount of funds it would seek
