However, the financial details were not disclosed.
Sun Investments 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 power generation capacity 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.
IT major Infosys today signed an MoU with the Madhya Pradesh government for investing Rs 600 crore in its proposed unit in Indore, which will ...