Jindal Stripes Board approves appointment of E&Y to recommend and implement restructuring

• Security Code: 532256
• Company: NSIL

Jindal Stripes Ltd has informed BSE that the Board of Directors at its meeting held on December 28, 2002 has approved the appointment of M/s Ernst & Young Pvt Ltd (E&Y) for recommending and implementing restructuring of the company which enables the management to:

- Create a focused stainless steel company.
- Create a Balanced Capital Structure to facilitate future growth in Stainless Steel Business.

This will enable the management to deliver higher shareholder value to the Shareholders of the Company.