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JSW Steel's promoter group entity, JSL Overseas Limited, has reported a formal 'release' of pledge on 16,026,090 shares, which represents 0.66% of the company's total share capital. While classified as a release, the overall quantity of shares pledged by JSL Overseas Limited remains unchanged at 16,026,090 shares (0.66%). This suggests a restructuring or re-pledging of existing shares rather than a net reduction in the promoter's overall pledged holding. These shares were originally pledged for securing borrowings.