Latest News | Jindal Stainless Acquires Remaining Stake in Chromeni Steels

New Delhi, Jun 15 (PTI) Jindal Stainless on Saturday said Chromeni Steels Private Limited (CSPL) has become its wholly-owned subsidiary with immediate effect.

The board of directors of Jindal Stainless Limited (JSL) has given approval for the acquisition of remaining 46 per cent equity stake in Chromeni Steels Private Limited. Consequently, CSPL has become a wholly-owned subsidiary of the company with effect from 15th June, 2024, JSL said in a release.

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JSL is India's largest stainless steel player.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)