Jindal Stainless Acquires Chromeni Steels: Now Wholly-Owned Subsidiary
Jun 15, 2024 21:17
Jindal Stainless has acquired the remaining 46% stake in Chromeni Steels, making it a wholly-owned subsidiary. This acquisition strengthens Jindal Stainless's position as India's largest stainless steel player.
New Delhi, Jun 15 (PTI) Jindal Stainless on Saturday said Chromeni Steels Private Limited (CSPL) has become its wholly-owned subsidiary with immediate effect.
The board of directors of Jindal Stainless Limited (JSL) has given approval for the acquisition of remaining 46 per cent equity stake in Chromeni Steels Private Limited. Consequently, CSPL has become a wholly-owned subsidiary of the company with effect from 15th June, 2024, JSL said in a release.
JSL is India's largest stainless steel player.
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