Representative Image  
Business

Jindal Stainless acquires remaining stake in Chromeni Steels

Consequently, CSPL has become a wholly-owned subsidiary of the company with effect from June 15, JSL said in a release.

PTI

NEW DELHI: Jindal Stainless on Saturday said Chromeni Steels Private Ltd. has become its wholly-owned subsidiary with immediate effect.

The board of directors of Jindal Stainless Ltd. has given approval for the acquisition of remaining 46% equity stake in Chromeni Steels Pvt. Consequently, CSPL has become a wholly-owned subsidiary of the company with effect from June 15, JSL said in a release. 

JSL is India's largest stainless steel player.

Also Read

Centre can't evade using OBC list for Census: PMK leader Anbumani Ramadoss

Police book agent after Tamil Nadu woman's SOS video leads to her rescue in Kuwait

Nepal flood survivors join rescue and relief operations as they grieve, search for their loved ones

Keralam CM Satheesan to take up NH safety concerns with NHAI after deaths of eight students

US envoys Witkoff, Kushner are in Moscow in new push for peace between Russia, Ukraine

SCROLL FOR NEXT