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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.
PTI Jindal Stainless Ltd on Monday said it has elevated Whole Time Director Tarun Khulbe as Chief Executive Officer (CEO). A decision in this regard was taken at the company's board meeting last week, Jindal Stainless Ltd (JSL) said in a regulatory filing. "The board has approved the elevation of Tarun Khulbe as the Chief…
Budget 2024: "One long-standing requirement of the stainless steel industry has been that there are certain raw materials that are not present in the country like ferro nickel and ferro molybdenum," Jindal told.
The board of the company has also given in-principal approval for the acquisition of up to 100 per cent stake in Iberjindal S.L., a subsidiary company based out in Spain.