JSW loans to loss-making entity co-owned by Sajjan Jindal's wife draw ire

Corporate governance firm questions loans of Rs 100 cr to Sangita Jindal's JSW Techno

JSW Holdings, the listed entity which owns shares in group companies led by Sajjan Jindal, lent Rs 75 crore last year to a private company owned by his wife, Sangita Jindal, and proposes to lend another Rs 25 crore this financial year.
 
JSW Techno Projects Management, 99 per cent owned by Sangita Jindal, has made losses in the past three years and has a negative net worth.
 
JSW Holdings is proposing to pledge the shares of JSW Steel it owns to fund these and other related party loans to two other family owned entities, Unity Advisory Services and