Jindal Stainless (Hisar) fixes record date for merger with JSL; stock up 3%

JSHL Board approved merger of the company into Jindal Stainless with a swap ratio of 1: 1.95

Shares of Jindal Stainless (Hisar) (JSHL) hit a record high of Rs 504.55 as they gained 3 per cent on the BSE in Friday's intra-day trade after the company fixed March 9, 2023 as the record date for merger with Jindal Stainless (JSL). The stock surpassed its previous high of Rs 494.95, touched on February 3, 2023.

"The board has decided to fix Thursday, March 9, 2023 as the Record Date for the purpose of determining the entitlement of the equity shareholders of the company for issue of equity shares of the JSL pursuant to the Part B of