Citigroup Global ups stake in JSL Stainless

JSL Stainless today said Citigroup Global Mkt (Mauritius) had increased its stake in the company by 0.13% during the week through secondary markets.

In a filing to the Bombay Stock Exchange (BSE), the country's largest stainless steel producer-- JSL Stainless-- said Citigroup Global has acquired an additional 2,50,000 shares of the firm taking its holding to 5.07%.

Citigroup Global now holds 9.5 million shares in the company.

JSL Stainless has a stainless steel making facility at Hissar and a ferro alloy plant at Vizag. The company is in the process of setting up a stainless steel plant in Orissa.