<ul><li>Indian steel giant Jindal Stainless, along with its wholly owned subsidiary, Jindal Stainless Steelway Limited, has acquired a 9.62% stake in M1xchange, an RBI-licensed Trade Receivables Discounting System (TReDS) platform.</li><li>The investment will focus on enabling seamless access to working capital for MSMEs and corporates, enhancing liquidity in the ecosystem.</li><li>Jindal Stainless aims to digitize financing operations, simplifying payment processes and reducing the overall working capital cycle.</li><li>M1xchange connects MSMEs with banks and financiers through its marketplace exchange platform, facilitating faster access to capital.</li></ul>

Indian steel giant Jindal Stainless acquires 9.62% stake in M1xchange

Discover more