Jindal Steel and Power Ltd (JSPL) today said one of its promoter has pledged 3.49 per cent stake in the company with Axis Trustee Services Ltd.
In a BSE filing, the steel and power producer said its promoter OPJ Trading Pvt Ltd has pledged 3.49 per cent stake in the firm with Axis Trustee Services Ltd on July 6, 2015.
OPJ Trading Pvt Ltd holds 20.51 per cent stake in JSPL as of June 2015.
With this, the total pledging by the promoter has reached 13.96 per cent of the total stake it holds in JSPL, the filing added.
Last month, JSPL informed the exchange that OPJ Trading Pvt Ltd had pledged 2.48 per cent on June 3 and 0.91 per cent stake in the firm on June 5 with Axis Trustee Services Ltd, taking its total pledged stake to 10.47 per cent.
Shares of JSPL today fell by 1.15 per cent to settle at Rs 82.80 apiece on BSE.
