JSW Steel promoter pledges almost 6 mn shares
Post pledging, holding of JSW Investments in the company came down to 1.16%
JSW Steel today said one its promoters, JSW Investments, pledged 59.8 lakh shares of the company.
Post pledging, holding of JSW Investments in the company came down to 1.16%, the steel firm said in a BSE filing.
Shares were pledged in favour of L&T Finance. Before pledging, the promoter held 85.8 lakh shares in the company, it added.
Shares of JSW closed down 2.84% at Rs 601.85 a piece on the BSE.
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First Published: May 17 2012 | 8:23 PM IST