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Jindal Steel & Power promoter pledges 1.65% stake

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Press Trust of India Mumbai

Jindal Steel & Power today said that one of its promoter Sun Investment has pledged 1.65 per cent stake of the company for an undisclosed amount.

In a filing to the Bombay Stock Exchange, the company said that its promoter has pledged over 25.50 lakh shares representing 1.65 per cent stake of the company.

Shares of Jindal Steel & Power settled at Rs 1052.45, down 2.19 per cent on the BSE.

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First Published: Feb 11 2009 | 6:32 PM IST

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