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EQUITY - MARKET SCREENER

DCB Bank Ltd
Industry :  Banks - Private Sector
BSE Code
ISIN Demat
Book Value()
532772
INE503A01015
171.6477817
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
DCBBANK
7.45
4584.98
EPS(TTM)
Face Value()
Div & Yield %
19.57
10
0.93
 

Board of Jindal Stainless approves to make PT GMI a subsidiary
Jun 25,2025
The Board of Jindal Stainless at its meeting held on 25 June 2025 has approved to make PT Glory Metal Indonesia (PT GMI) as subsidiary (step-down) of the Company.

PT GMI was set up as a joint venture entity for investing, developing, constructing and operating a stainless steel melt shop facility in Indonesia with an annual production capacity of 1.2 million tonnes per annum. The Company holds 49% stake in PT GMI through its wholly owned subsidiary.

Given PT GMI's strategic importance in the Company's global manufacturing and supply chain operations, making PT GMI a subsidiary (by having right to appoint majority of directors) will be strategically beneficial to the Company and will align with the Company's overall business objectives.