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.
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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
Chromeni Steels Private Ltd.
Company acquisition
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