Page 25 of today's AFRExcerptsIndia’s Jindal Group is understood...

Page 25 of today's AFR

Excerpts

India’s Jindal Group is understood to be building a position in Australian-listed coking coal junior Carabella Resources.

The steel producer is said to have had access to Carabella’s data room and signed a non-disclosure agreement.

Carabella declined to comment.

Jindal does not appear on the share register as a substantial shareholder, suggesting its stake is still below the 5?per cent threshold or a nominee company is acquiring shares on its behalf..............