Business Standard

JSW Energy promoter pledges 6.78% stake

Press Trust of India  |  Mumbai 

  • ALSO READ

    Network18 promoters release pledged shares High returns accompanied by a high-risk level Not very bright No buy recommendation JSW Energy ups stake in S African coal firm

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.

RECOMMENDED FOR YOU

JSW Energy promoter pledges 6.78% stake

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

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.

image
Advertisement