Jindal Stainless board approves restructuring of business

India’s largest stainless steel manufacturer, Jindal Stainless Ltd (JSL), has received board approval to restructure its business, which will result in the listing of its subsidiary, Jindal Stainless (Hisar).

Under the restructuring plan, JSL’s ferro-alloy division will be demerged and vested with Jindal Stainless (Hisar), JSL said in a filing to the Bombay Stock Exchange (BSE) on Monday December 29.$0$0The ferro-alloys division...


Suresh Nair

December 30, 2014

22:15 GMT