JSW group stocks decline amidst rape allegation against chairman Jindal

The shares of three of the five JSW Group companies declined on Monday after media reports claimed that a rape case had been filed against its chairman Sajjan Jindal. The shares of the group's flagship firm, JSW Steel, fell 1.5 per cent, JSW Holdings fell 1.3 per cent, and Shiva Cement fell 2.4 per cent. Meanwhile, JSW Energy rose 0.5 per cent, and JSW Infrastructure rose 0.1 per cent. Media reports during the weekend said a 30-year-old woman had filed a rape complaint against Jindal at a Mumbai police station. Jindal has denied the allegations and said he will cooperate fully with the investigation. JSW Group companies command a market capitalisation of Rs 3.4 trillion.

JSW Group companies
(As on Dec 18)
Company Name	Mcap Rs Cr	CMP(Rs)	% Change 1Day
JSW Steel	209013	854.7	-1.5
JSW Energy	71782	436.5	0.5
JSW Infrastructure	48668	231.8	0.1
JSW Holdings	5646	5087.1	-1.3
Shiva Cement	1090	55.9	-2.4
Source: Bloomberg, Capitaline
Compiled by BS Research Bureau