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


First print: December 18, 2023 | 11:58 p.m IST

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