logomg.png
Open an Account
Open an Account

  • SENSEX

    {{sensexData[0].price}} (+{{sensexData[0].change}}%)

  • SENSEX

    {{sensexData[0].price}} ({{sensexData[0].change}}%)

  • NIFTY 50

    {{niftyData[0].open_price}} (+{{niftyData[0].change}}%)

  • NIFTY 50

    {{niftyData[0].open_price}} ({{niftyData[0].change}}%)

  • {{mcxData[2].symbol}}

    {{mcxData[2].price}} (+{{mcxData[2].PerChange}}%)

  • {{mcxData[2].symbol}}

    {{mcxData[2].price}} ({{mcxData[2].PerChange}}%)

  • {{mcxData[0].symbol}}

    {{mcxData[0].price}} (+{{mcxData[0].PerChange}}%)

  • {{mcxData[0].symbol}}

    {{mcxData[0].price}} ({{mcxData[0].PerChange}}%)

  • {{mcxData[1].symbol}}

    {{mcxData[1].price}} (+{{mcxData[1].PerChange}}%)

  • {{mcxData[1].symbol}}

    {{mcxData[1].price}} ({{mcxData[1].PerChange}}%)

  • {{mcxData[3].symbol}}

    {{mcxData[3].price}} (+{{mcxData[3].PerChange}}%)

  • {{mcxData[3].symbol}}

    {{mcxData[3].price}} ({{mcxData[3].PerChange}}%)

Back
Jindal Stainless gains as board OKs to acquire 5.03% stake in Mynd Solutions 
(12:27, 26 Mar 2025)
The acquisition was approved by the board of directors in a meeting held on Monday, 25 March 2025, and is part of the company's strategic move to enhance supply chain financing for its vendors. The target entity, Mynd Solutions, operates the M1xchange platform, which supports MSMEs and non-MSMEs by providing access to digital supply chain financing, streamlining payments, optimizing working capital cycles, and improving overall efficiency across the supply chain structure.

The total cost for the acquisition of the 5.03% stake is approximately ₹ 102.7 crore, with the transaction involving a combination of primary capital and secondary purchase of shares from existing shareholders. Including the stake held by Jindal Stainless Steelway (JSSL), a wholly owned subsidiary of JSL, the company now holds a consolidated 9.62% stake in Mynd Solutions, with a total blended cost of acquisition of ₹ 154 crore for the entire stake.

The acquisition does not fall under related party transactions. None of the promoters, promoter group, or group companies has any interest in the proposed acquisition and no governmental or regulatory approvals are required. The deal is expected to be completed by the first quarter of FY26.

Mynd Solutions, which was incorporated in February 2002, launched the M1xchange platform in 2017. The platform has since onboarded over 65 banks, 2,000 corporates, and 48,000 MSMEs and facilitated invoice discounting worth over ₹ 1,60,000 crore.

Mynd Solutions has demonstrated robust financial growth, with its turnover rising from ₹ 14.3 crore in FY22 to ₹ 56.5 crore in FY24.

Abhyuday Jindal, managing director of Jindal Stainless, said, 'At Jindal Stainless, we recognise that access to timely and affordable financing is a crucial growth enabler for businesses, especially MSMEs. This investment will have a two-pronged advantage ' it will empower our domestic and international channel partners, both upstream and downstream, and provide enhanced liquidity to further strengthen JSL's balance sheets. It reflects our ethos of building a holistic ecosystem that aligns with our vision of strengthening industry partnerships and driving inclusive economic progress.'

Anurag Mantri, ED and CFO at Jindal Stainless, remarked, 'The scale and reach of Jindal Stainless combined with the full suite of digital supply chain financing solutions at M1Xchange, including GIFT City offerings, would revolutionize traditional financing practices and pave the way for cheaper credit access for its entire global value chain, including the deep-tier channel.'

Sundeep Mohindru, Promoter & Director, M1xchange,This investment by Jindal Stainless marks a significant milestone in M1xchange's journey of innovation, technology, and growth. Our suite of supply chain finance solutions, including TReDS for the domestic market, ITFS (GIFT City) for the global market, and our Channel Finance solution through Mynd Fintech, will empower JSL and its ecosystem partners to enhance growth and competitiveness. This strategic partnership will greatly expand access to working capital solutions for JSL's suppliers and customers, both across India and globally.

Jindal Stainless is India's leading stainless-steel manufacturer. It had a consolidated annual turnover of ₹ 38,562 crore (USD 4.7 billion) in FY24 and is ramping up its facilities to reach 4.2 million tonnes of annual melt capacity by FY27. The company has 16 stainless-steel manufacturing and processing facilities in India and abroad.

Jindal Stainless reported a 5.4% decline in consolidated net profit to ₹ 654.84 crore in Q3 FY25 as against ₹ 692.33 crore posted in Q3 FY24. However, revenue from operations rose 8.5% YoY to ₹ 9,907.30 crore in the quarter ended 31 December 2024.

Powered by Capital Market - Live News

No Details of this news available

Mandatory Dematerialization for Transfer of Securities, w.e.f 5th December 2018. Refer to SEBI notification number SEBI/LAD-NRO/GN/2018/24 dated June 08,2018.

Update/Link your Aadhaar Number with your Demat Account by Submitting a photocopy of Aadhaar card along with a request letter/Modification form.

Prevent Unauthorised transactions in your account. Update your mobile numbers/email IDs with your stock brokers.

KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment.

Prevent Unauthorized Transactions in your demat account. Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day....... Issued in the interest of investors.

Prevent unauthorized transactions in your trading account ->Update your mobile numbers/email IDs with your stock brokers. Receive information/alerts of your transactions directly from Exchange on your mobile/email at the end of the day.... Issued in the interest of investors.

Filing Complaints on SCORES - Easy & quick.
a. Register on SCORES portal,
b. Provide mandatory details for filing complaints on SCORES like name, PAN, address, mobile number, email ID.
c. Benefits:
   i. Effective communication
   ii. Speedy redressal of the grievances

Investor Awareness regarding the revised guidelines on margin collection

 

Dear Investor,

As you are aware, under the rapidly evolving dynamics of financial markets, it is crucial for investors to remain updated and well-informed about various aspects of investing in securities market. In this connection, please find a link to the BSE Investor Protection Fund website where you will find some useful educative material in the form of text and videos, so as to become an informed investor.

https://www.bseipf.com/investors_education.html

We believe that an educated investor is a protected investor !!!

 

Risk Disclosure on Derivatives

  • out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Source:
SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

MAGNUM EQUITY BROKING LTD.

SEBI Registration No.: INZ000172031 NSE Member ID: 06529 | BSE Clearing No.:126 | CDSL SEBI Registration No. IN-DP-CDSL-201-2003
DP ID: 12029700 | CIN: U67120MH1996PLC103441

Investor Grievances: grievances@magnum.co.in

Copyright © 2018-2019 Magnum Equity Broking Ltd. All rights reserved

Designed, Developed & Powered by CMOTS Infotech (ISO 9001:2015 Certified)