Jindal Steel and Power Ltd. acquired 9.25% stake in Australia\'s Apollo Minerals for $1-M

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Jindal Steel and Power Ltd. (JSPL) has acquired a 9.25% stake in Australia's Apollo Minerals, an iron ore and minerals explorer and developer, for A$1 million. As per the deal, JSPL's Australian subsidiary Jindal Steel and Power Australia Pty Ltd. will acquire 25 million shares of Apollo at A$0.04 each.


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