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Wednesday, February 11, 2009

Jindal Steel & Power promoter pledges 1.65% stake


Jindal Steel & Power today said that one of its promoter Sun Investment has pledged 1.65 per cent stake of the company for an undisclosed amount.

In a filing to the Bombay Stock Exchange, the company said that its promoter has pledged over 25.50 lakh shares representing 1.65 per cent stake of the company.

Shares of Jindal Steel & Power settled at Rs 1052.45, down 2.19 per cent on the BSE.