Jindal Group Eyes First European Acquisition

• Jindal Group is in talks to acquire 100% stake in Vitkovice Steel, a Czech-based company.
• The acquisition is expected to be completed by the end of this fiscal year through Jindal Steel International.
• This will be Jindal Group's first acquisition in Europe.
• The deal size is estimated to be around €150 million (₹1,000 crore).
• The acquisition will help Jindal Group establish a foothold in the European market amid CBAM regulations.

Source: The Hindu, The Economic Times