Sajjan Jindal-led JSW Group on Tuesday said it has released ₹2,500 crore worth of pledged promoter shares of JSW Steel Ltd and JSW Energy Ltd by repaying loans worth ₹1,200 crore taken by promoter firms.
Two promoter entities of JSW Energy released 118.8 million pledged shares, which represent a 7.24% stake in the company.
For JSW Steel, promoter firms JSW Holdings Ltd, JSW Techno Projects Management Ltd, Sahyog Holdings Pvt. Ltd and Vividh Finvest Pvt. Ltd released 70.1 million encumbered shares of JSW Steel, or 2.9% of the paid-up equity capital of the company.
