SAL Steel and Shah Alloys has refuted rumours of a possible buyout by Jindal Stainless. Speaking to CNBC-TV18, the company's Chairman and MD, Rajendra Shah, said that the stake sale news going around in the market were surprising and shocking.
Speaking to CNBC-TV18, Arvind Parakh of JSL Stainless said," The acquisition of Shah Alloys will depend on lenders and promoters of Shah Alloys."