JSW group promoter Sajjan Jindal repays ₹200-cr debt
Sajjan Jindal, promoter of JSW Group, has released pledged shares of JSW Steel and JSW Energy worth ₹200 crore. He has so far repaid ₹3,000 crore of loans in four tranches.
In his fifth tranche, Vividh Finvest, a promoter group company, on Thursday repaid loan to release 72 lakh pledged shares of JSW Steel, accounting for 0.30 per cent of the paid-up capital, and JSW Investments repaid debt to release 4.03 crore shares of JSW Energy, which accounts for 2.45 per cent of paid-up capital.
Jindal is repaying loan for the second time in last fortnight. Earlier this month, he repaid ₹342-crore debt to release 1.26 crore of pledged shares of JSW Steel and 6.98 crore pledged shares of JSW Energy.
