Jindal Power Limited has disclosed the acquisition of 349,076 equity shares in Jindal Steel Limited, formerly known as Jindal Steel & Power Limited. This transaction, which occurred on October 26, 2026, has slightly altered Jindal Power’s total shareholding in Jindal Steel. The disclosure is made in compliance with SEBI regulations regarding substantial acquisitions.
Acquisition Details
Jindal Power Limited has completed the acquisition of 349,076 equity shares in Jindal Steel Limited. The transaction took place on October 26, 2026, and was executed through an Open Market purchase. This move represents a minor increase in Jindal Power’s stake in the target company, now holding 1.215% of the total voting capital.
Holding Before and After Acquisition
Prior to this acquisition, Jindal Power Limited held 1,20,51,383 shares, representing 1.181% of the total share capital of Jindal Steel Limited. Following the purchase, the total holding has increased to 1,24,00,459 shares, which accounts for 1.215% of the total share capital. The total diluted share capital of Jindal Steel Limited remains at 1,02,00,88,097.
Regulatory Compliance
The disclosure has been made by Jindal Power Limited as per the requirements of Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company is a part of the promoter group of Jindal Steel Limited.
Source: BSE
