Promoter group firms have fully repaid loan against shares, says JSPL
Jindal Steel & Power (JSPL) said on Thursday its promoter group companies, owned by Naveen Jindal and his family directly or indirectly, had paid all their loan liabilities against shares.
A statement said the company was informed that promoter group companies that are part of Naveen Jindal Group, namely OPJ Trading Pvt Ltd, Opelina Sustainable Services Pvt Ltd and Gagan Infraenergy, had fully repaid all outstanding loans against shares.
The loan against share for the Naveen Jindal Group now stands at nil, it said. The peak loan against shares was approximately Rs 1,140 crore during October 2018.
