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JSPL picks up 31.49% stake in Gujarat NRE Coking Coal

Naveen Jindal-led Jindal Steel and Power (JSPL) bought only 31.49 per cent stake in Gujarat NRE Coke's Australian subsidiary at the end of its open offer. JSPL earlier aimed to acquire a majority stake in Gujarat NRE Coking Coal, the Australian subsidiary of Kolkata-based Gujarat NRE Coke, through outright purchase of shares

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