JSL Overseas Holding Limited announced an increase in its shareholding in Jindal Stainless Limited via open market purchases. The acquisition involved 803,661 equity shares, resulting in the total holding reaching 16.66% of the total voting capital. This transaction occurred across two dates, February 26, 2026, and February 27, 2026, confirming JSL Overseas’ continued investment as a promoter group entity in the target company.
Mandatory Disclosure Filing Completed
JSL Overseas Holding Limited has submitted the required disclosure concerning the substantial acquisition of shares in Jindal Stainless Limited (the Target Company). This filing adheres to the necessary regulatory frameworks governing shareholding changes for entities belonging to the promoter group.
Pre-Acquisition Shareholding Position
Prior to the recent transaction, JSL Overseas Holding Limited held 13,65,08,651 shares, representing a voting capital stake of 16.56% in Jindal Stainless Limited. All other categories, including encumbrances, voting rights not through shares, and warrants, were reported as Nil.
Details of Acquisition and Post-Transaction Holding
The acquisition involved the purchase of 8,03,661 shares carrying voting rights through market purchases. This transaction increased the percentage w.r.t. total share capital by 0.10%.
Following the acquisition, the total holding for JSL Overseas Holding Limited is now:
- Shares carrying voting rights: 13,73,12,312
- Percentage of Total Voting Capital: 16.66%
The total diluted share/voting capital of the Target Company remains unchanged, stated as 824,419,588 equity shares of Rs. 2/- each, post-acquisition.
Transaction Dates and Share Counts
The 803,661 shares acquired were purchased in two tranches:
- 318,661 shares were acquired on February 26, 2026.
- 485,000 shares were acquired on February 27, 2026.
The disclosure confirms that JSL Overseas Holding Limited continues to be classified as belonging to the Promoter/Promoter group of Jindal Stainless Limited.
Source: BSE
