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(As on Jun 18, 2024, 09:21)

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Jindal Stainless acquires remaining 46% stake in Chromeni Steels for Rs 278 cr

Jindal Stainless announced the acquisition of the remaining 46 percent stake in Chromeni Steels Private Ltd (CSPL) for Rs 278 crore.

As a result, CSPL has become a wholly-owned subsidiary of Jindal Stainless Ltd (JSL) as of June 15, 2024, according to a company release.

The acquisition involves a total expenditure of Rs 278 crore, covering both the equity transfer and the payment of shareholders' debt.

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