Jindal Saw has transferred 47,65,772 equity shares of Rs 10 each of Jindal ITF (representing 6% of total capital) at book value on August 30, 2017. Accordingly, the holding of the company in Jindal ITF stand reduced from 57% to 51%.
Jindal Saw manufactures and supplies iron and steel pipe products, fittings and accessories with various manufacturing facilities in various countries, including India, the United States, Europe and the United Arab Emirates (UAE).