JSL Overseas Holding Limited has reported the purchase of 6,77,316 equity shares of Jindal Stainless Limited. This acquisition, executed through market purchases on October 28 and 29, 2026, represents 0.08% of the total share capital. Following these transactions, JSL Overseas Holding Limited’s total holding in Jindal Stainless now stands at 14,60,26,247 shares, accounting for 17.71% of the total voting capital.
JSL Overseas Acquires Stake in Jindal Stainless
JSL Overseas Holding Limited has disclosed its recent acquisition of shares in Jindal Stainless Limited, as per Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company acquired a total of 6,77,316 equity shares through open market transactions conducted on October 28, 2026 (345,000 shares) and October 29, 2026 (332,316 shares).
Holding Details Pre and Post Acquisition
Before this acquisition, JSL Overseas Holding Limited held 14,53,48,931 shares, representing 17.63% of the total share capital and voting rights in Jindal Stainless Limited. Subsequent to the purchase, the total holding has increased to 14,60,26,247 shares, now constituting 17.71% of the total share capital and voting rights. The total diluted share/voting capital of Jindal Stainless Limited remains unchanged at Rs. 164,88,39,176, divided into 82,44,19,588 equity shares of Rs. 2/- each.
Transaction Overview
The mode of acquisition was through market purchase. The disclosure also confirms that JSL Overseas Holding Limited, along with its persons acting in concert, is part of the promoter group of Jindal Stainless Limited. The company’s registered office is located in Mauritius.
Source: BSE
