Jindal Stainless raises its stake in Chromeni Steels to 100%

2024-06-17 Producer News India
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After acquiring 54% of Chromeni Steels last month, the Indian stainless steel giant announced the next step, making the plant its wholly-owned subsidiary.
On Monday, June 17, Jindal Stainless Limited (JSL) said it had acquired the remaining 46% stake in Chromeni Steels Private Ltd (CSPL) for INR 278 crore or approximately EUR 31 million. Consequently, CSPL has become a wholly-owned subsidiary of the company, with effect from June 15, 2024, Jindal Stainless Ltd (JSL) said in a release. Continue Reading? Please click box below!

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