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JSW Group promoter repays Rs 1,200 crore debt, lenders release shares of two companies

The pledged shares of both companies were worth Rs 2,500 crore. Around 7.01 crore shares of JSW Steel accounting for 2.90 per cent of paid-up capital of the company have been released.

Published: 15th October 2019 06:31 PM  |   Last Updated: 15th October 2019 06:31 PM   |  A+A-

JSW

The logo of JSW is seen on the company's headquarters in Mumbai, India. (File Photo | Reuters)

By PTI

NEW DELHI: JSW Group promoter Sajjan Jindal has repaid Rs 1,200 crore of loans raised by pledging shares of JSW Steel and JSW Energy, the conglomerate said on Tuesday.

Following the repayment, pledged shares of both the companies have been released by the lenders, JSW Group said.

The pledged shares of both companies were worth Rs 2,500 crore. Around 7.01 crore shares of JSW Steel accounting for 2.90 per cent of paid-up capital of the company have been released.

The release of 11.88 crore of JSW Energy shares accounts for 7.24 per cent of paid-up capital of the company.

Four promoter companies of JSW Steel -- JSW Holdings, JSW Techno Projects Management, Sahyog Holdings and Vividh Finvest -- repaid the debt and got their pledged shares released.

In case of JSW Energy, Indusglobe Multiventures and JSW Investments got their pledged shares released.



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