Jindal Steel promoters clear loans taken against shares

Three promoter group companies of Jindal Steel and Power, which are a part of the Naveen Jindal group, have repaid all the loans taken against the pledged shares of the company, the company said on Thursday.

The three companies - OPJ Trading, Opelina Sustainable Services and Gagan Infraenergy - had a peak of ₹1,140 crore in loans against the shares in October 2018. The three companies together held nearly 38% stake in the company as on December-end.