SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

JSPL to buy 53.63% stake in Gujarat NRE Coke’s Australian arm

17 Oct 2013 Evaluate

Jindal Steel and Power (JSPL) is all set to buy 53.63% stake in Gujarat NRE Coke’s loss-making Australian arm through a complex deal, which involves issue of convertible notes, placement of shares and option to acquire shares at a later stage.

Prior to the transaction, JSPL was the second largest shareholder in Gujarat NRE Coking Coal, after its promoters, with 31.49% stake. The Naveen Jindal-led company had launched a failed bid during February-March this year to acquire controlling stake in Gujarat NRE Coking Coal through an open offer.

As on June 30, 2013, the promoters holding in the company stood at 52.22% while institutions and non-institutions held 18.55% and 29.23% stake in company, respectively.

JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.

 

Jindal Steel Share Price

1240.20 -7.90 (-0.63%)
11-May-2026 12:03 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×