JSW Group shares are falling due to the rape allegations against Chairman Jindal

Shares of three of the five JSW Group companies fell on Monday after media reports claimed that a rape case had been filed against chairman Sajjan Jindal. Shares of the group's flagship JSW Steel fell 1.5 percent, JSW Holdings fell 1.3 percent and Shiva Cement fell 2.4 percent. Meanwhile, JSW Energy rose 0.5 percent and JSW Infrastructure rose 0.1 percent. According to media reports over the weekend, a 30-year-old woman had filed a rape complaint against Jindal at a police station in Mumbai. Jindal has denied the allegations and said he will fully cooperate with the investigation. JSW Group companies have a market capitalization of Rs 3.4 trillion.

Companies of the JSW group
(As on December 18)
Company Name	Mcap Rs Cr	CMP(Rs)	% Change 1Day
JSW Steel	209013	854.7	-1.5
JSW Energy	71782	436.5	0.5
JSW infrastructure	48668	231.8	0.1
JSW Holdings	5646	5087.1	-1.3
Shiva cement	1090	55.9	-2.4
Source: Bloomberg, Capitaline
Compiled by BS Research Bureau