Jindal Stainless Limited — JV/Acquisition, 25-03-2025: Acquisition

Jindal Stainless Limited has announced a board meeting to approve the acquisition of a 5.03% stake in Mynd Solutions Private Limited, a prominent RBI-regulated Trade Receivables electronic Discounting System (TReDS) platform. The total investment amounts to approximately INR 102.7 Crores, with the combined stake from Jindal Stainless Steelway Limited resulting in a consolidated ownership of 9.62%. This strategic move aims to enhance access to supply chain financing for MSME and non-MSME vendors, streamline payment processes, and optimize working capital, ultimately boosting efficiency across the company's supply chain. The acquisition is expected to be completed in the first quarter of FY'26.