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JSW Steel Promoters Repay Debt-- The 21st China (Guangzhou) Int’l Plate metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
9/20/2019 金屬板材展-棒材-線材展 -plate metal expo-wire expo |
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JSW Steel Ltd informed BSE that it has repaid debt of INR 1,148.59 crore to take a release of 5.07 crore of its pledged shares, representing about 2.09% of its share capital. The debt was repaid by three promoter entities that got their pledged shares released. These were, JSW Techno Projects Ltd. that repaid about INR 500 crore to release 2.2 crore encumbered shares, Sahyog Holdings Pvt Ltd repaid INR 391 crore and released 1.73 crore pledged shares and Vividh Finvest Pvt Ltd release of 1.14 crore shares for INR 258 crore.
As of quarter ended 30 June, JSW Steel had pledged about half of its 42.27% holding in the company by pledging about 50 crore shares. Of this, JSW Techno Projects had pledged 77.7% of its 10.23% stake in the firm, Sahyog Holdings had also created lien on 77.5% of its 4.6% holding and Vividh Fivest had encumbered 48% of its 5.9% stake in JSW Steel.
金屬板材展-線材展-金屬加工展-2020第二十一屆廣州國際金屬板材、棒材、線材及金屬加工設備展—全球三大金屬展之一巨浪展覽
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