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Disclosure - SAST
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Subject:
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JSW Steel - Disclosures under Reg. 8A of SEBI (SAST) Regulations, 1997
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Announcement:
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JSW Steel Ltd has submitted the disclosure under Regulation 8A of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSE
Date of Reporting : November 03, 2009
Name of the Company : JSW Steel Ltd
Total no of outstanding shares of the Company : 187048682
1. Name of the Entity: Jindal Equipment Leasing & Consultancy Services
Details of Transaction
Date of Transaction : October 26, 2009
Number of Shares Revoked : 888755
Aggregate details after the transaction
Total no of shares held by the entity in the company: 1594579
Total No of shares pledged : 0
% of total shares pledged to total no of shares held by the entity in the Company : 0.00%
% of shares pledged to total no of outstanding shares of the Company : 0.00%
2. Name of the Entity: Stainless Investments Ltd
Details of Transaction
Date of Transaction : October 26, 2009
Number of Shares Revoked : 84,460
Aggregate details after the transaction
Total no of shares held by the entity in the company: 946228
Total No of shares pledged : 861,768
% of total shares pledged to total no of shares held by the entity in the Company : 91.07%
% of shares pledged to total no of outstanding shares of the Company : 0.46%
2. Name of the Entity: Ever Plus Securities & Finance Ltd
Details of Transaction
Date of Transaction : October 27, 2009
Number of Shares Revoked : 526,785
Aggregate details after the transaction
Total no of shares held by the entity in the company: 526785
Total No of shares pledged : 0
% of total shares pledged to total no of shares held by the entity in the Company : 0.00%
% of shares pledged to total no of outstanding shares of the Company : 0.00%
Pledge Summary consequent to the above transaction:
Purpose & Nature of Pledge : Pledged as security for credit facilities availed by the promoter group entities for acquisition of equity shares of JSW Steel Ltd & JSW Energy Ltd.
Total No of Shares Pledged : 9,599,931
% of Shares Pledged to total no of Outstanding shares of the Company : 5.13%
Purpose & Nature of Pledge : Pledged (including shares pledged under Corporate Debt Restructuring Package of JSW Steel Ltd) as collateral security for financial facilities availed by JSW Steel Ltd, JSW Energy Ltd & JSW Power Trading Company Ltd.
Total No of Shares Pledged : 22,763,955
% of Shares Pledged to total no of Outstanding shares of the Company : 12.17%
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