Jindal Stainless To Exit Jindal Coke By September
The company's board approved in principle the purchase of up to 100% of Iberjindal S.L., a Spanish subsidiary, and stake sale in Jindal Coke.
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The company's board approved in principle the purchase of up to 100% of Iberjindal S.L., a Spanish subsidiary, and stake sale in Jindal Coke.
There are some important factors that will guide the domestic equities on Thursday. These include the Services...
Jindal Stainless plans to divest its 26% stake in Jindal Coke by September, with 4.87% shares already sold to JSL Overseas for over Rs 36.49 crore. Concurrently, it acquired a majority stake in Spanish entity Iberjindal. The company aims to complete the divestment and acquisition by September 30, 2024.
In the first tranche, the company has offloaded 4.87 per cent shares in Jindal Coke for over ₹36.49 crore.
The Directorate General of Trade Remedies (DGTR) has initiated a Safeguard duty (Quantitative Restrictions) investigation concerning imports of low ash metallurgical coke (Met Coke) into India. Met coke is used as a primary fuel in furnaces of steel, chemical, Ferro alloy, and pig iron plants. DGTR will be investigating imports of the commodity from April 2022 to March 2023.