JSW Energy promoter pledges 6.78% stake in company
JSW Energy today said one of its promoter entities, Sun Investments, has pledged 6.78 per cent stake of the company.
By PTI |
MUMBAI: JSW Energy today said one of its promoter entities, Sun Investments, has pledged 6.78 per cent stake of the company.
However, the financial details were not disclosed. Sun Investments pledged 5,40,000 shares of JSW Energy on December 28, according to a regulatory filing.
These 5,40,000 shares have been pledged in favour of L&T Finance, the filing said.
Sun Investments Private Ltd's shareholding in the company stood at 16.52 per cent as on December 28, 2011. At the end of September quarter, Sun Investments Private Ltd held 9.73 per cent stake in the company, out of which 3.50 per cent shareholding was pledged.
An energy company, JSW Energy is part of diversified JSW Group. The firm expects to have a power generation capacity of over 12,000 MW by 2016.
Shares of the company fell nearly four per cent to Rs 38.80 in late afternoon trade on the BSE.
However, the financial details were not disclosed. Sun Investments pledged 5,40,000 shares of JSW Energy on December 28, according to a regulatory filing.
These 5,40,000 shares have been pledged in favour of L&T Finance, the filing said.
Sun Investments Private Ltd's shareholding in the company stood at 16.52 per cent as on December 28, 2011. At the end of September quarter, Sun Investments Private Ltd held 9.73 per cent stake in the company, out of which 3.50 per cent shareholding was pledged.
An energy company, JSW Energy is part of diversified JSW Group. The firm expects to have a power generation capacity of over 12,000 MW by 2016.
Shares of the company fell nearly four per cent to Rs 38.80 in late afternoon trade on the BSE.
ADVERTISEMENT
stocks in newsToo busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
