Jindal Shadeed Iron Steel Company on Wednesday said that the group’s plans to sell a minority stake in Oman unit are premature and no decision has been taken so far, Naushad A Ansari, chief executive officer of Jindal Shadeed Iron and Steel told. An Indian news website reported that India’s Jindal Steel and Power is likely to sell a significant stake in its Oman subsidiary – Jindal Shadeed Iron and Steel - to meet debt repayment obligations. Referring to the company’s proposal for an initial public offering (IPO), Ansari said that “this will be carried out at the right time.” (Times of Oman)