Jindal Stainless (Hisar) lists on NSE, BSE from today

By: | Published: January 28, 2016 3:13 PM

Jindal Stainless (Hisar) started trading on the NSE and Bombay Stock Exchange (BSE) under the designated JSLHISAR code.

 Jindal Stainless (Hisar)Jindal Stainless (Hisar) started trading on the NSE and Bombay Stock Exchange (BSE) under the designated JSLHISAR code. (Photo: Reuters)

Stainless steel manufacturer Jindal Stainless (Hisar) Limited on Thursday got listed on the National Stock Exchange(NSE) and Bombay Stock Exchange(BSE) with the signature ‘bell ringing’ ceremony at NSE. Abhyuday Jindal, vice-chairman of Jindal Stainless Ltd rung the bell to mark the commencement of listing and trading of shares at NSE and BSE.

The company started trading on the NSE and Bombay Stock Exchange (BSE) under the designated JSLHISAR code. Total 231185445 no. of equity shares of face value of Rs 2/- each are being 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 21st Sept.2015 (as modified on 12th October, 2015). Pursuant to the scheme of arrangement of Jindal Stainless Limited, the issued subscribed and paid-up equity capital Jindal Stainless (Hisar) Ltd. is Rs 462370890/- divided into 231185445 equity shares of Rs 2/- each.

Abhyuday Jindal said, “It’s an extremely proud moment for Jindal Stainless (Hisar) Limited to list on bourses today, as this marks a new beginning for the company. Although, domestic industry is plagued with under capacity utilization of around 50% but, am happy to inform you all that, JSHL is operating at over 90% of its capacity. ”

Jindal Stainless (Hisar) Limited (JSHL) is the largest producer of stainless steel in India with an annual capacity of 800,000 Million Tonne Per Annum.

At 3 pm, Jindal Stainless (Hisar) shares were trading 5 per cent down at Rs 34.20 on the National Stock Exchange.

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