JSPL promoter pledges 3.39% stake with Axis Trustee Services

Jindal Steel & Power Ltd (JSPL) today said one of its promoters has pledged a total of 3.39 per cent stake in the firm with Axis Trustee Services in two tranches between June 3-5.
In a BSE filing, JSPL said its promoter OPJ Trading Pvt Ltd has 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.
As of March 2015, the promoter holds 20.51 per cent stake in the firm.
Post the pledging, the promoter has pledged a total of 10.47 per cent stake of the 20.51 per cent that it holds in JSPL, the filing added.

Shares of the company today rose by 1.82 per cent to settle at Rs 103.65 apiece on the BSE.