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JSPML divests complete stake in JSIS Oman

JSPML divests complete stake in JSIS Oman
JSPML divests complete stake in JSIS Oman
Last Updated: Mon, Apr 19th, 2021, 18:04:49hrs
New Delhi: JSPL on Friday said that its wholly-owned subsidiary Jindal Steel & Power (Mauritius) has sold the balance stake in JSIS Oman to Vulcan Steel.
In the second and final tranche of the divestment transaction, JSPML divested 51 per cent to Vulcan Steel.
Last year, the subsidiary had divested 4,86,999 shares, representing 48.99 per cent of the share capital of Jindal Shadeed Iron and Steel LLC, Oman.
In a regulatory filing, JSPL said: We now wish to inform you that JSPML has sold the balance shareholding held by it, representing 51 per cent of the share capital of JSIS Oman, to Vulcan Steel in the second and final tranche, in accordance with the shareholder approval. ....

Morgan Stanley Research , Vulcan Steel , மோர்கன் ஸ்டான்லி ஆராய்ச்சி , வல்கன் எஃகு ,

Jindal Steel exits Oman biz via balance 51% stake sale to Vulcan Steel

Moving towards the completion of its Oman unit divestment, Naveen Jindal-led Jindal Steel & Power (JSPL) arm Jindal Steel & Power (Mauritius) Limited has sold its balance stake to Vulcan Steel in the second and final tranche.
In a BSE filing, the Delhi-based primary steel producer today informed that the balance stake sold represented 51 percent of the share capital of Jindal Shadeed Iron and Steel LLC, Oman was sold to the private limited company, in accordance with shareholder approval secured at the extraordinary general meeting held in July last year.
Jindal Steel owned 48.99 percent stake in the Oman unit via Jindal Steel & Power (Mauritius) Limited. The former had made the deal to exit the Oman business in September last year. ....

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JSPML divests complete stake in JSIS Oman

JSPML divests complete stake in JSIS Oman
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IANS
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Steel Industry.. Image Source: IANS News
New Delhi, April 16 : JSPL on Friday said that its wholly-owned subsidiary Jindal Steel & Power (Mauritius) has sold the balance stake in JSIS Oman to Vulcan Steel.
In the second and final tranche of the divestment transaction, JSPML divested 51 per cent to Vulcan Steel.
Last year, the subsidiary had divested 4,86,999 shares, representing 48.99 per cent of the share capital of Jindal Shadeed Iron and Steel LLC, Oman.
In a regulatory filing, JSPL said: We now wish to inform you that JSPML has sold the balance shareholding held by it, representing 51 per cent of the share capital of JSIS Oman, to Vulcan Steel in the second and final tranche, in accordance with the shareholder approval. ....

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JSPL completes JSIS Oman sale - The Hindu BusinessLine

JSPL completes JSIS Oman sale - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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JSPL completes divestment of Oman assets to Vulcan Steel

JSPL completes divestment of Oman assets to Vulcan Steel
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Synopsis
“JSPML has sold the balance shareholding held by it, representing 51 % of the share capital of JSIS Oman, to Vulcan Steel in the second and final tranche, in accordance with the Shareholder approval,” the company said in a statement filed with the BSE.
Agencies
JSPL in 2020 planned to divest its entire stake in subsidiary JSIS Oman and the divestment was part of its aim to bring down debt.
Jindal Steel and Power on Friday announced that it has completed the divestment of its step down subsidiary Jindal Shadeed Iron and Steel LLC, Oman (JSIS Oman) to Vulcan Steel by way of sale of shares by Jindal Steel & Power (Mauritius) Limited (JSPML) ....

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