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Jindal Stainless gets nod to acquire 74% stake in Jindal United Steel

26 Jul 2022 Evaluate

Jindal Stainless has received approval for acquisition of 34,15,89,879 equity shares comprising 74% of the paid-up equity share capital of Jindal United Steel (JUSL). Post the acquisition, Jindal United Steel will become wholly owned subsidiary of the Company. The board of directors of Jindal Stainless at its meeting held July 25, 2022, inter-alia, considered and approved the same. The proposed acquisition shall be made at an aggregating consideration of Rs 958 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.

Jindal Stainless Share Price

791.60 3.70 (0.47%)
20-Apr-2026 12:47 View Price Chart
Peers
Company Name CMP
Tata Steel 213.25
JSW Steel 1272.35
SAIL 172.95
Jindal Stainless 791.60
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