Jindal Steel & Power’s step down wholly owned subsidiary --Jindal Steel and Power (Australia) Pty (JSPA) has purchased an additional 12.83% stake in Rocklands Richfield (Rocklands) during the offer period at a revised offer price of AUD 0.30 per share, thereby increasing its stake from 14.46% to 27.29%.
The on-market takeover offer for all of the shares in Rocklands Richfield (Rocklands), listed on Australian Stock Exchange was closed on July 05, 2011. The company during that period only acquired its additional stake.
Jindal Steel & Power, part of the $12 billion Jindal Group, is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.
| Company Name | CMP |
|---|---|
| Jindal Steel | 1269.50 |
| Lloyds Metals&Energy | 1622.70 |
| Jai Balaji Inds | 72.59 |
| Steel Exchange India | 8.96 |
| Rajputana Stainless | 125.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: