The promoters of Jindal Stainless (Hisar) Limited (BSE:539597) (JSHL) and Jindal Stainless Limited (BSE:532508) (JSL) are evaluating options to once again merge the two listed entities in a bid to leverage the stronger balance sheet of the merged entity. Senior JSL officials told BusinessLine the company is likely to take a call on this by December, 2020 after consultation with lenders and while keeping in mind the interest of shareholders. “We are evaluating multiple corporate actions; we are specifically evaluating them from the shareholder and lender perspective.

There should be clarity on this by the end of this calendar year. By December we should be able to work out what is the best approach,” said Anurag Mantri, Group Chief Financial Officer at Jindal Stainless Group.