Promoters of two JSW Group companies—JSW Steel Ltd and JSW Energy Ltd—got their pledged shares valued at ₹2,500 crore released. With this, the Sajjan-Jindal led group has repaid loans amounting to ₹1,200 crore, said JSW Group in a statement on Tuesday.
The pledged shares represent 2.9% of paid-up capital of JSW Steel and 7.2% of JSW Energy.
Four promoter entities of JSW Steel–JSW Holdings Ltd, JSW Techno Projects Management Ltd, Sahyog Holdings Pvt Ltd and Vividh Finvest Pvt Ltd—repaid the debt and got their pledged shares released. In case of JSW Energy, Indusglobe Multiventures Pvt Ltd and JSW Investments Pvt Ltd got their pledged shares released.
