Jindal Stainless has acquired 100% stake in Evergreat International Investment Pte Ltd, Singapore, making it a wholly owned subsidiary. Learn more about this acquisition and its impact on the stainless steel industry.
New Delhi, Jun 4 (PTI) Jindal Stainless Ltd on Tuesday said it has completed the acquisition of Evergreat International Investment Pte Ltd, Singapore (EIPL).
"Acquired 100 per cent stake of EIPL. Consequently, EIPL has become a wholly owned subsidiary, and Chromeni Steels Private Limited (CSPL) a step-down subsidiary," JSL said in an exchange filing.
The acquisition is with effect from June 4, 2024, it said.
Jindal Stainless is India's largest stainless steel manufacturing company.
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