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Jindal Stainless To Exit Jindal Coke By September

The company's board approved in principle the purchase of up to 100% of Iberjindal S.L., a Spanish subsidiary, and stake sale in Jindal Coke.

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Stocks on Focus: Vi, RBL Bank, Jindal Stainless, Edelweiss, Vedanta, KEC International

There are some important factors that will guide the domestic equities on Thursday. These include the Services.

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Jindal Stainless divest stake: Jindal Stainless to divest entire 26% stake in Jindal Coke by September

Jindal Stainless plans to divest its 26% stake in Jindal Coke by September, with 4.87% shares already sold to JSL Overseas for over Rs 36.49 crore. Concurrently, it acquired a majority stake in Spanish entity Iberjindal. The company aims to complete the divestment and acquisition by September 30, 2024.

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Jindal Stainless to divest entire 26% stake in Jindal Coke by September

In the first tranche, the company has offloaded 4.87 per cent shares in Jindal Coke for over ₹36.49 crore.

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Jindal Stainless to divest entire 26 percent stake in Jindal Coke by September

Jindal Stainless to divest entire 26 percent stake in Jindal Coke by September
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