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Jindal Stainless’ (Hisar) arm acquires 67% stake in J.S.S. Steelitalia

19 Jan 2021 Evaluate

Jindal Stainless’ (Hisar) (JSHL) subsidiary company -- Jindal Stainless Steelway has acquired 1,56,61,128 equity shares of Rs 10, constituting  67% of paid up capital of its associate company namely J.S.S. Steelitalia. Consequent upon the said acquisition, J.S.S. Steelitalia has become wholly owned subsidiary of Jindal Stainless Steelway and step-down subsidiary of the Company. 

Jindal Stainless (Hisar) is world's largest producer of Stainless Steel strips for razor blades and India's largest producer of coin blanks, serving the needs of India and International mints.

Peers
Company Name CMP
JSW Steel 1354.00
Tata Steel 187.20
Steel Authority 177.60
Jindal Stainless 711.45
APL Apollo Tubes 2231.70
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