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Jindal Stainless Co., Ltd. and Jindal Stainless (Hisar) Ltd. The Board of Directors accepted the recommendations of their respective Board Committees and approved the merger of Gindal Stainless Hizar into Gindal Stainless.
The transaction between Jindal Stainless (Hisar) and Jindal Stainless is a merger of all shares.
For every 100 shares of Gindal Stainless Hisar, 195 shares of Gindal Stainless will be issued in accordance with the approved share exchange ratio.
In addition, following the proposed structure, the mobility business of JSL Lifestyle Ltd, a domestic subsidiary of JSHL, will be integrated into Jindal Stainless.
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Main highlights by ICICI Direct
https://www.bloombergquint.com/research-reports/merger-of-jindal-stainless-hisar-into-jindal-stainless-key-highlights-by-icici-direct Main highlights by ICICI Direct