Jindal Steel sells 49pc stake in Omani unit to Vulcan
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Update time : 2020-09-07 16:10:26
Jindal Steel & Power Limited (JSPL), a leading Indian steel and energy company, has sold its 49 per cent stake in Oman-based Jindal Shadeed Iron and Steel (JSIS Oman) to Vulcan Steel, a Mauritius-based private company, said a report.
Jindal Steel & Power Limited (JSPL), a leading Indian steel and energy company, said its Mauritius unit has sold nearly 49 per cent stake in Oman-based Jindal Shadeed Iron and Steel (JSIS Oman) to Vulcan Steel.
A subsidiary of Templar Investment Limited, Vulcan Steel is a Mauritius-based private limited company.
The top Indian steel firm said its wholly-owned subsidiary Jindal Steel & Power (Mauritius) has sold 4,86,999 shares, representing 48.99% of the share capital of JSIS Oman, to Vulcan Steel in the first tranche.
