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

Updated:16th Jun, 2024 at 8:30 AM

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.

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.

Also Read

Praveen Chakravarty named as Congress Candidate for Rajya Sabha from Tamil Nadu

Budget, Tasmac top agenda in TVK govt's first Cabinet meet on June 5

Southwest monsoon enters Tamil Nadu; Chennai to reel under 38°C on June 5

Annamalai fuels suspense further, says will break silence over future plans on June 5

Edappadi K Palaniswami alleges bid to protect corrupt, seeks CBI probe