JSL Overseas Holding Limited has disclosed the purchase of equity shares in Jindal Stainless Limited (JSL) from the open market. This transaction, occurring on March 2, 2026, resulted in an acquisition of 6,39,612 shares. Consequently, the promoter group’s holding in JSL has increased slightly to 16.73% of the total share capital, up from the prior holding of 16.66%, as mandated by SAST Regulations.
Disclosure of Share Acquisition by Promoter Group
JSL Overseas Holding Limited, as part of the promoter group of Jindal Stainless Limited (JSL), has submitted a mandatory disclosure concerning a recent acquisition of shares. The filing adheres to the requirements under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of the Transaction
The acquisition involved the purchase of 6,39,612 equity shares carrying voting rights, executed via market purchase. The date of this transaction was March 2, 2026.
The details comparing the holding position before and after this acquisition are as follows:
Holding Before Acquisition
- Total shares carrying voting rights: 13,73,12,312
- Percentage of total share capital: 16.66%
Shares Acquired
- Shares carrying voting rights acquired: 6,39,612
- Percentage change w.r.t. total share capital: 0.08%
Holding After Acquisition
- Total shares carrying voting rights: 13,79,51,924
- Percentage of total share capital: 16.73%
Capital Structure Information
The filing notes that the equity share capital of Jindal Stainless Limited remained consistent both before and after the transaction.
- Equity Share Capital: Rs. 164,88,39,176/-, divided into 82,44,19,588 equity shares of Rs. 2/- each.
The acquirer, JSL Overseas Holding Limited, is confirmed to belong to the promoter group of the Target Company, Jindal Stainless Limited.
Source: BSE
