The JSW Group has released 6.57 crore pledged shares of JSW Steel Ltd. and JSW Energy Ltd. to repay a loan.
The conglomerate has released 1.09 crore pledged shares of JSW Steel worth Rs 165 crore and 5.48 crore pledged shares of JSW Energy worth Rs 243 crore, it said in a statement today.
On Monday, JSW Steel shares fell 6.01 percent to Rs 142.35 apiece on the NSE while those of JSW Energy shed 1.69 percent to Rs 43.65. The benchmark Nifty 50 declined 4.38 percent to end the day at 8,281.10 points.
The $14 billion JSW Group has a presence in sectors such as steel, energy, cement, infrastructure, paints, and sports.
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