# NCLT approves merger of Jindal Stainless with Jindal Stainless (Hisar)

The National Company Law Tribunal (NCLT) has approved the merger of Jindal Stainless (Hisar) Limited with Jindal Stainless Limited. The merger is expected to complete in FY23.

- Type: Acquisition
- Announced: 2022-12-22
- Where: India
- Status: completed
- Products: stainless steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Jindal Stainless (Hisar)](https://endata.com/companies/58561.md) (target)
- [Jindal Stainless](https://endata.com/companies/67512.md) (acquirer)

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/markets/stocks/news/nclt-approves-merger-of-jindal-stainless-and-jindal-stainless-hisar/articleshow/96457561.cms), 2022-12-23: "We are happy that our shareholders and creditors have approved the scheme of arrangement for the JSL-JSHL merger by an overwhelming majority."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.