JSW Infrastructure to Sell Ten per cent Stake to Eton Park

Mar 17, 2011, 15:49 IST

JSW Infrastructure declared its decision to sell 10% stake in the company to the US based Eton Park.

Sajjan Jindal-led JSW Infrastructure on 14 December 2010 declared its decision to sell 10% stake in the company to the US based Eton Park for about $125 million (bout Rs 560 crore). Elton Park will invest $125 million in JSW Infrastructure. The proceeds from the investment will be directed towards expansion of JSW's ports business. JSW Infrastructure is develops infrastructure for ports, airports, ship repair, shipyards, townships, rail connectivity, inland waterways, water treatment plants and pipelines. JSW currently operates in two ports- Jaigarh in Maharashtra and the other in Goa. Eton Park currently managing approximately $13 billion, is a global investment organization dedicated to delivering superior risk-adjusted returns over a multi-year period.

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