Shares of Jindal Stainless (Hisar) Ltd will list in BSE on January 28, 2016 after its scheme of arrangement was approved by High Court of Punjab and Haryana.
Pursuant to the Scheme of Arrangement among Jindal Stainless (Hisar) Limited, Jindal Stainless Limited, Jindal United Steel Limited and Jindal Coke Limited and their respective Shareholders and Creditors;1 equity share of Rs.2/each in Jindal Stainless (Hisar) Limited has been issued for every 1 equity share of Rs.2/each held in Jindal Stainless Limited.
The issued, subscribed and paid up equity capital of the company post arrangement is Rs. 46,23,70,890/consisting of 23,11,85,445 equity shares of Rs.2/each.
SOurce: ISMW