JSW Group Jindal calls rape allegations as ‘baseless’
JSW Group shares, together with JSW Metal, JSW Infrastructure, and JSW Power, fell 2-3 % on December 18, underperforming the S&P BSE Sensex, which dropped 0.06 % to 71,440 as of 10:45am.
The investor sentiment was subdued after a primary info report (FIR) was filed in opposition to JSW Group Chairman Sajjan Jindal by a Mumbai girl accusing him of rape.
Additionally learn: Mumbai girl accuses JSW Group chairman of rape
Nonetheless, the chairman of the steel-to-power conglomerate has denied the allegations. “Sajjan Jindal denies the false and baseless allegations. He’s dedicated to offering full cooperation via the investigation,” a consultant for Jindal mentioned in a press release.
The JSW Group chairman has been booked by the Mumbai Police underneath IPC 376 (rape), IPC 354 (assault or felony drive to girl with intent to outrage her modesty), and IPC 503 (felony intimation).
Additionally learn: JSW group’s Jindal denies rape allegations by Mumbai girl
JSW Group has a large presence in sectors reminiscent of cement, metal, infrastructure, power, enterprise capital, and sports activities.
Previously month, the inventory of JSW Metal has surged 8 %, whereas JSW Infra has climbed 7 %, and JSW Power 4.5 %.
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