The Jindal Stainless group has received the nod from the bourses for the scheme of amalgamation of Jindal Stainless (Hisar) (JSHL) into Jindal Stainless. The merger will lead to a simplified capital structure, expanding the turnover of the combined business to Rs 20,000 crore.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.