M&A

M&A

Jindal Stainless acquires remaining 74% stake in JUSL for Rs.958-Cr

BSE Disclosure  

Publicly-listed stainless steel manufacturing company Jindal Stainless Ltd (JSL) has acquired the remaining 74% stake in Jindal United Steel Ltd (JUSL) for INR 958 crore in cash. Earlier, JSL held 26% stake in JUSL which has been operating the Hot Strip Mill (HSM) of 1.6 million tons per annum (MTPA) capacity and a Cold Rolling Mill of 0.2 MTPA capacity.