Jindal completes acquisition of Maspion Stainless
According to recent news in the market, Indian steel producer
Jindal Stainless has completed acquisition of Indonesian cold rolled steel producer Maspion
Stainless Steel
Indonesia PT for $32 million.
This acquisition is the first overseas acquisition of
Jindal Stainless. Through the newly-acquired mill,
Jindal will supply its Indian mills.
Jindal Stainless borrowed the $20 million of the total payment from Export Import Bank of
India and State Bank of
India and the remaining part has been funded through internal sources.