Mumbai, July 17 -- JSW Steel Ltd said on Friday that its Board has approved the company's participation in the proposed IPO of JSW One Platforms Ltd (JOPL) as a promoter selling shareholder. The company plans to sell equity shares worth up to Rs 811 crore through an offer for sale (OFS).

The company disclosed the development in an exchange filing after the board meeting held on Friday.

The company in an exchange filing stated that "the participation of the Company in the proposed initial public offering ("IPO") of JSW One Platforms Limited ("JOPL") as a Promoter Selling Shareholder by offering for sale, such number of equity shares of face value of Rs. 10 each of JOPL aggregating up to Rs. 811 Crores (Rupees Eight Hundred Eleven Crores ...