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    JSPL promoter Axis Trustee Services pledges 3.49% stake

    Synopsis

    The steel and power producer said its promoter OPJ Trading Pvt Ltd has pledged 3.49 per cent stake in the firm with Axis Trustee Services Ltd on July 6, 2015.

    PTI
    NEW DELHI: Jindal Steel and Power Ltd (JSPL) today said one of its promoter has pledged 3.49 per cent stake in the company with Axis Trustee Services Ltd.

    In a BSE filing, the steel and power producer said its promoter OPJ Trading Pvt Ltd has pledged 3.49 per cent stake in the firm with Axis Trustee Services Ltd on July 6, 2015.

    OPJ Trading Pvt Ltd holds 20.51 per cent stake in JSPL as of June 2015.

    With this, the total pledging by the promoter has reached 13.96 per cent of the total stake it holds in JSPL, the filing added.

    Last month, JSPL informed the exchange that OPJ Trading Pvt Ltd had pledged 2.48 per cent on June 3 and 0.91 per cent stake in the firm on June 5 with Axis Trustee Services Ltd, taking its total pledged stake to 10.47 per cent.

    Shares of JSPL today fell by 1.15 per cent to settle at Rs 82.80 apiece on BSE.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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