Jindal Saw’s Stake In Jindal ITF Drops To 56.4% After Share Allotment

Jindal Saw on Tuesday said its stake in subsidiary Jindal ITF has reduced to 56.4% from 76.1% following an allotment of equity shares by the subsidiary to other shareholders.

The company disclosed the development in a stock exchange filing. No further details were provided about the allotment or the identities of the other shareholders who received the shares.