JINDAL STAINLESS LTD. - 532508 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sarika Jhunjhunwala & Others Jindal Stainless buys remaining 46% stake in Chromeni Steels for Rs 278 cr
Jindal Stainless on Monday said it has acquired the remaining 46 per cent stake in Chromeni Steels Private Ltd (CSPL) for Rs 278 crore. Consequently, CSPL has become a wholly-owned subsidiary of the company, with effect from June 15, 2024, Jindal Stainless Ltd (JSL) said in a release. "Jindal Stainless acquires remaining 46 per cent equity stake in Chromeni Steels Private Ltd. The transaction entails a total outlay of Rs 278 crore, comprising payment towards equity transfer and payment of shareholders' debt," it said. Jindal Stainless earlier acquired a 54 per cent equity stake in CSPL through an indirect acquisition deal for Rs 1,340 crore. The overall acquisition of CPSL costs around Rs 1,618 crore to JSL. JSL CEO Tarun Kumar Khulbe said, "The acquisition of a 100 per cent equity stake in Chromeni will help us climb the value chain. Since we expect the facility to be operational soon, this strategic move will enable the company to capitalise on the robust domestic demand, which
Jindal Stainless Acquires Remaining Stake In Chromeni Steels
Consequently, CSPL has become a wholly owned subsidiary of the company with effect from June 15. Jindal Stainless to acquire remaining 46% equity stake in Chromeni Steels
It includes a payment of 188.19 crore towards equity purchase and 89.71 crore towards CSPL's debt JINDAL STAINLESS LTD. - 532508 - Announcement under Regulation 30 (LODR)-Acquisition
Intimation under Regulation 30 of SEBI (LODR) Regulations 2015 - Acquisition JINDAL STAINLESS LTD. - 532508 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Investor conference on 14th June, 2024 - revised intimation JINDAL STAINLESS LTD. - 532508 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Investors conference on 14-06-2024 JINDAL STAINLESS LTD. - 532508 - Announcement under Regulation 30 (LODR)-Credit Rating
Credit rating JINDAL STAINLESS LTD. - 532508 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Information regarding loss of shares-pursuant to regulation 39(3) of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015