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JSW Ispat Steel have sold their 6.38% stake

JSW Ispat Steel have sold their 6.38% stake

PTI reported that 10 promoter group companies of JSW Ispat Steel have sold their 6.38% stake in the company for INR 174.47 crore.

According to the filings made by the 10 companies to the BSE, over 16 crore shares amounting to 6.38% of JSW Ispat Steel were sold through both off and on market transactions for INR 174.47 crore.

The promoter group companies, which have reduced their stakes, are Ispat Steel Holdings Ltd, Kartik Credit Pvt Ltd, Navoday Consultants Ltd, Navoday Highrise Pvt Ltd, Navoday Niketan Pvt Ltd, Ushaditya Trading Pvt Ltd, Goldline Tracom Pvt Lt, Mita Holdings Pvt Ltd, Navadisha Real Estate Pvt Ltd and Denro Holdings Pvt Ltd. All these firms belong to Pramod and Vinod Mittal or their families, which held less than 20% stake in JSW Ispat before these transactions.

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