Buying activity in JSW Steel gained attention after global investment firm GQG Partners and SBI Mutual Fund together acquired more than 1.02% stake in the steelmaker through block deals executed on May 18.
The transactions were carried out by GQG Partners Emerging Markets Equity Fund and SBI Mutual Fund, while promoter entity JSW Energy acted as the seller.
GQG Partners Emerging Markets Equity Fund, backed by Rajiv Jain, Co-founder of GQG Partners, and Tim Carver, Co-founder of GQG Partners, purchased 1.5 crore shares representing 0.61% stake in JSW Steel for nearly ₹1,890 crore.
SBI Mutual Fund acquired an additional 1 crore shares, equivalent to 0.4% stake, through a deal valued at around ₹1,260 crore. Both transactions were executed at ₹1,260 per share.
As of March 2026, JSW Energy held 2.86% stake in JSW Steel, while SBI Arbitrage Opportunities Fund already owned 1.16% stake in the company.
Following the deal activity, JSW Steel shares rose 1.09% to ₹1,292.8 on the National Stock Exchange and continued trading above major moving averages.
In PNGS Reva Diamond Jewellery, promoter Govind Vishwanath Gadgil, Promoter of PNGS Reva Diamond Jewellery, bought 1.6 lakh shares amounting to 0.5% stake for ₹5.85 crore at ₹365.78 per share.
Despite the promoter purchase, the stock declined 2.37% to ₹365.90 and has fallen nearly 20% since May 8.
Meanwhile, Prime Venture Growth Fund-I purchased 1.25 lakh shares in Connplex Cinemas worth ₹2.93 crore at ₹233.51 per share, while Aarem Insights sold 96,000 shares valued at ₹2.22 crore.
In EFC (I), Sageone Flagship Growth 2 Fund offloaded 1.47 lakh shares worth ₹22.24 lakh, while Forbes EMF sold 89,320 shares valued at ₹13.39 lakh.
On the buying side, Priya Singh Aggarwal, Investor, acquired 1 lakh shares in EFC (I), while Ragaswaroopa Technologies purchased 1.19 lakh shares.
Sageone’s Flagship Growth funds collectively held 2.53% stake in EFC (I) as of March 2026.
Read More: Ambuja Cements Share Price in Focus; Submits ₹580 Crore Offer to Acquire Bankrupt Jaypee Cement!
As of 19 May 2026, at 9:30 AM, JSW Steel Ltd share price is trading at ₹1,285.40 per share, reflecting a decline of 0.57% from the previous closing price.
The latest round of market transactions reflected strong institutional participation across multiple sectors, with JSW Steel witnessing the most significant stake acquisition activity among the companies involved.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: May 19, 2026, 9:49 AM IST
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