Jindal Stainless to acquire a 49% stake in New Yaking for $157m.

Jindal Stainless, a stainless steel provider, agreed to acquire a 49% stake in New Yaking, a nickel supplier, for $157m. “This path breaking collaboration will enhance value for stakeholders with JSL acquiring a stake in nickel supply to create raw material security for its SS operations. This acquisition will usher a sharper competitive advantage to JSL in Indian and international markets,” Abhyuday Jindal, Jindal Stainless Managing Director.