Naveen Jindal-Led Jindal Steel and Power on September 14 said HSBC Global Investment Fund Mauritius has sold 71.20 lakh shares of the company in the open market. According to the BSE website, HSBC Global Investment Funds Mauritus Ltd sold 71,20,000 shares at Rs 82.50 on September 6 to HSBC Global Investment Funds Indian Equity at the same price.
Earlier this month, the steel and power producer has said its consolidated net loss doubled to Rs 1,082.15 crore for the June quarter on account of decline in demand as well as higher fuel and finance costs against a net loss of Rs 542.42 crore in the same quarter a year-ago.
Total consolidated income was higher at Rs 4,655.45 crore in April-June quarter this fiscal from Rs 4,405.73 crore during the corresponding period of 2015-16.
The company reported a production of 1.2 million tonnes (MT) and sales of 1.1 MT in the June quarter.
(With inputs from PTI)