JSL Overseas Holding Limited has announced the acquisition of an additional 460,493 equity shares in Jindal Stainless Limited. This purchase represents a 0.06% increase in JSL’s holding, bringing its total stake to 17.77%. The acquisition was made from the open market, reinforcing JSL Overseas Holding’s position as part of the promoter group of Jindal Stainless Limited. The transaction occurred between October 30 and November 2, 2026.
JSL Overseas Expands Stake in Jindal Stainless
JSL Overseas Holding Limited has disclosed its recent purchase of equity shares in Jindal Stainless Limited, in compliance with SEBI’s substantial acquisition regulations. The company acquired a total of 460,493 shares, which translates to 0.06% of the total share capital. This latest acquisition was executed through market purchases on October 30, 2026 (210,093 shares) and November 2, 2026 (250,400 shares).
Increased Holding and Promoter Status
Following these transactions, JSL Overseas Holding Limited’s total holding in Jindal Stainless Limited has reached 14,64,86,740 shares, representing 17.77% of the company’s total equity share capital. The disclosure confirms that JSL Overseas Holding Limited belongs to the promoter group of Jindal Stainless Limited.
Transaction Details
The aggregate value of the equity share capital of Jindal Stainless Limited before this acquisition was Rs. 164,88,39,176, divided into 82,44,19,588 equity shares of Rs. 2/- each. The same figures remain for the equity share capital and total voting capital after the acquisition, indicating no change in the company’s overall capital structure. The nature of the acquisition was a market purchase.
Source: BSE
