Jindal Steel & Power Ltd (JSPL) today said one of its promoter entities has pledged 1.3 million shares.
In a disclosure to BSE, JSPL said its promoter Opelina Finance and Investment pleged the shares on March 19 in favour of Infrastructure Development Finance Company (IDFC), the filing said.
Post pleding, Opelina Finance and Investment's shareholding in JSPL came down to 6.85% from earlier 6.99, it said.
Shares of JSPL were trading at Rs 531.55 a piece, up 0.88% compared to the previous close on the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app