Jindal Stainless update on merger with Jindal Stainless Hisar

29 Apr 2022 , 01:33 AM

The ongoing merger process of Jindal Stainless JSL and Jindal Stainless Hisar JSHL achieved another milestone As per regulatory requirement the Companies convened meetings of their shareholders and creditors for approving the Scheme of Arrangement between the two Companies The Scheme was approved by an overwhelming majority The meetings to approve the Scheme of Arrangement were organised on 23 April 2022 pursuant to the order pronounced by the Honble National Company Law Tribunal NCLT Chandigarh Bench The Companies will now file the second motion application with the Honble NCLT