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JSW Energy promoter pledges 6.78% stake

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today said one of its promoter entities, Sun Investments, has pledged 6.78% stake of the company.

However, the financial details were not disclosed.

pledged 540,000 shares of JSW Energy on December 28, according to a regulatory filing.

These 540,000 shares have been pledged in favour of L&T Finance, the filing said.

Sun Investments Private Ltd's shareholding in the company stood at 16.52% as on December 28, 2011. At the end of September quarter, Sun Investments Private Ltd held 9.73% stake in the company, out of which 3.50% shareholding was pledged.

An energy company, JSW Energy is part of diversified JSW Group. The firm expects to have a of over 12,000 MW by 2016.

Shares of the company fell nearly four% to Rs 38.80 in late afternoon trade on the BSE.

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