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Jindal Stainless (Hisar) Ltd gets listed on the Indian bourses

| | Jan 29, 2016, at 08:29 pm
#Jindal Stainless (Hisar) Ltd # Indian bourses # Jindal
Mumbai, Jan 29 (IBNS): Stainless steel manufacturer Jindal Stainless (Hisar) Ltd got listed on the National Stock Exchange and the Bombay Stock Exchange on Thursday.
Jindal Stainless (Hisar) Ltd, on Thursday, got listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the ticker JSLHISAR, following the customary 'bell ringing' at the NSE.     
 
The steel manufacturer marked its presence with Abhyuday Jindal, vice-chairman, ringing the bell to mark the start of the listing and trading of shares on the stock exchanges.
 
Total 231185445 number of equity shares of face value of Rs 2 each were listed on the NSE and BSE. 
 
This listing is pursuant to the scheme of arrangement that was approved by High Court of Punjab and Haryana vide its order dated Sept 21, 2015 (as modified on Oct12, 2015). 
 
Pursuant to the scheme of arrangement of Jindal Stainless Ltd, the issued subscribed and paid-up equity capital Jindal Stainless (Hisar) Ltd is Rs 462370890 divided into 231185445 equity shares of Rs 2 each.
 
Jindal Stainless (Hisar) Ltd is the largest producer of stainless steel in India with an annual capacity of 800,000 million tonne per annum.

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