Jindal Stainless (Hisar), an arm of Jindal Stainless, will get listed on the exchanges on Thursday following a demerger.
The Jindal Stainless board had approved demerging the company into two listed and two unlisted entities and issued one Jindal Stainless (Hisar) share for every one share held in Jindal Stainless.
The company had then claimed that the demerger was implemented for debt reduction and to unlock value for shareholders.