Jindal Stainless aims to sell its entire 26% stake in Jindal Coke by September, with the first tranche involving the sale of 4.87% shares to JSL Overseas for over Rs 36.49 crore. Simultaneously, the company has acquired a majority stake in Spanish entity Iberjindal. Following board approval in January, Jindal Stainless initiated the sale of its stake in Jindal Coke and the acquisition of Iberjindal. The share purchase agreement with JSL Overseas for the initial stake sale was executed on March 26, 2024. The transaction is set to be completed by September 30, 2024.