JSL Overseas Holding Limited has disclosed the purchase of equity shares in Jindal Stainless Limited from the open market. This acquisition, made in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, increases JSL Overseas Holding’s stake to 17.28%. The transaction involved 6,19,678 shares, increasing the total number of shares held to 14,24,43,067.
Disclosure Under SAST Regulations
JSL Overseas Holding Limited has submitted a disclosure regarding the substantial acquisition of shares and takeovers under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure pertains to the purchase of equity shares of Jindal Stainless Limited from the open market by JSL Overseas Holding Limited.
Shareholding Details
Prior to the recent acquisition, JSL Overseas Holding Limited held 14,18,23,389 equity shares of Jindal Stainless Limited, representing 17.20% of the total share capital. The acquisition involved an additional 6,19,678 shares, bringing the total number of shares held to 14,24,43,067. Post-acquisition, JSL Overseas Holding Limited’s holding in Jindal Stainless Limited stands at 17.28% of the total diluted share capital.
Transaction Details
The mode of acquisition was through market purchase. The shares were acquired on various dates, including September 11, 2026 (610,000 shares) and September 15, 2026 (9,678 shares), totaling 619,678 shares.
Equity Capital Information
The equity share capital of Jindal Stainless Limited, before and after the said acquisition/sale, remains unchanged. The total voting capital is Rs. 1,64,88,39,176, divided into 8,24,41,958 equity shares of Rs. 2/- each.
Source: BSE
