Jindal Stainless, a leading stainless steel manufacturer, witnessed a rise in share price on Tuesday after the company decided to demerge three of its subsidiaries into separate legal entities. The restructuring will help Jindal Stainless to trim it's debt and unlock value for shareholders.

Shares of the company are trading at Rs 40.90, up Rs 2, or 5.14% at the Bombay Stock Exchange (BSE) on Tuesday at 1:47 p.m.

The scrip has touched an intra-day high of Rs 43.25 and low of Rs 39.55. The total volume of shares traded at the BSE is 1,072,310.