Jindal Stainless (JSL) and Jindal Stainless (Hisar) (JSHL) have received their shareholders and creditors approval for proposed merger. As per the regulatory requirements, the two companies convened meetings of their respective shareholders and creditors for approving the Scheme of Arrangement between the two firms. Shareholders and creditors of JSL and JSHL approved the merger 'Scheme of Arrangement' by a majority.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.