Jindal Steel and Power Limited (JSPL) is trading higher by 3% at Rs 247, falling almost 5% from intra-day high, after one of its promoter said that their shares has been pledge with Credit Suisse AG.
The stock opened at Rs 239 and hit a high of Rs 259 on BSE. A combined 8.15 million shares have changed hands on the counter till 1408 hours against an average 7.4 million shares that were traded daily in past two weeks on BSE and NSE.
“A share pledge has been created over our shares held by our holding company in favour of Credit Suisse AG, Singapore Branch,” Sarmento Holdings Ltd said in a BSE filing.
Sarmento Holdings Ltd is part of the promoter group, holds 7.16 million or 0.77% stake in JSPL.
The stock opened at Rs 239 and hit a high of Rs 259 on BSE. A combined 8.15 million shares have changed hands on the counter till 1408 hours against an average 7.4 million shares that were traded daily in past two weeks on BSE and NSE.
“A share pledge has been created over our shares held by our holding company in favour of Credit Suisse AG, Singapore Branch,” Sarmento Holdings Ltd said in a BSE filing.
Sarmento Holdings Ltd is part of the promoter group, holds 7.16 million or 0.77% stake in JSPL.