Jindal Stainless buys remaining 46% stake in Chromeni Steels for Rs 278 cr

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Jindal Stainless on Monday said it has acquired the remaining 46 per cent stake in Chromeni Steels Private Ltd (CSPL) for Rs 278 crore.

Jindal Stainless earlier acquired a 54 per cent equity stake in CSPL through an indirect acquisition deal for Rs 1,340 crore.

"Jindal Stainless acquires remaining 46 per cent equity stake in Chromeni Steels Private Ltd.

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Category: BusinessFinance

Markets: India

Topics: Chromeni Steels Steel industry Jindal Stainless Companies Companies

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-17 @ 21:48:52 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 265 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21285712

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