Jindal Stainless shines on getting nod to incorporate wholly owned subsidiary
Jindal Stainless is currently trading at Rs. 736.25, up by 13.35 points or 1.85% from its previous closing of Rs. 722.90 on the BSE.
The scrip opened at Rs. 738.10 and has touched a high and low of Rs. 754.00 and Rs. 731.90 respectively. So far 25132 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 825.25 on 29-Oct-2025 and a 52 week low of Rs. 497.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 754.00 and Rs. 716.00 respectively. The current market cap of the company is Rs. 60537.13 crore.
The promoters holding in the company stood at 61.23%, while Institutions and Non-Institutions held 28.50% and 10.27% respectively.
Jindal Stainless has received approval from board of directors for incorporation of a wholly-owned subsidiary of the Company. In view of the Company’s expanding operations, growing business complexity, and presence of multiple group entities, the Board of Directors have accorded its approval for the incorporation of a wholly owned subsidiary to act as a centralized shared services entity. The entity, once incorporated, will be a wholly owned subsidiary of the Company.
The Board of Directors of Jindal Stainless at its meeting held on November 10, 2025, inter alia, considered and approved the same.
Jindal Stainless (JSL) is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
