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Jindal Saw to dispose off entire shareholding in Green Ray Holdings

19 Sep 2024 Evaluate

Jindal Saw has entered into share purchase agreement on September 18, 2024 in respect of disposal off entire shareholding of Green Ray Holdings (GHL), United Kingdom, a subsidiary of the Company alongwith its step down subsidiary, namely, Derwent Sand SARL, Algeria.

Earlier in May 2023, the company had received in principle approval to dispose off (either by way of sale or liquidation) Green Ray Holdings, United Kingdom alongwith its step down subsidiary, Derwent Sand SARL, Algeri.

Jindal SAW is one of the country’s topmost industry houses and the foremost indigenous steel producers and exporters.


Peers
Company Name CMP
JSW Steel 1251.20
Tata Steel 169.50
Steel Authority 161.20
Jindal Stainless 683.10
APL Apollo Tubes 2199.85
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