This is to pay off its dues to the latter. Paid up share capital of the company has increased from Rs 46.23 Cr to Rs 79.89 Cr divided into 39,94,69,754 equity shares of Rs 2 each. The said amount was due and payable by the company to JSHL as of close of business hours before midnight of March 31, 2014.

Jindal Stainless allots 16.82 Cr equity shares for about Rs 366 Cr to Jindal Stainless

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