JSL Overseas Holding Limited has formally disclosed the purchase of equity shares in Jindal Stainless Limited (JSL) from the open market. This transaction, governed by the SAST Regulations, 2011, resulted in an increase in the holding of the promoter group. The acquisition involved 6,92,015 shares, resulting in the total holding of JSL Overseas increasing to 14,01,21,967 shares, representing 16.99% of the total voting capital.
Mandatory Disclosure of Share Acquisition
JSL Overseas Holding Limited submitted a mandatory disclosure concerning the acquisition of equity shares of its target company, Jindal Stainless Limited (JSL). The filing was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, detailing a purchase executed through the open market.
Holding Details Before and After Transaction
Prior to the recent transaction, JSL Overseas held 13,94,29,952 shares, equating to 16.91% of JSL’s total share capital. The company is confirmed to belong to the promoter group of JSL.
Transaction Summary
The details of the acquisition executed on March 11 and March 12, 2026, are summarized as follows:
- Shares Acquired: 6,92,015 equity shares, representing 0.08% of the total voting capital.
- Acquisition Mode: Market purchase.
Post-Acquisition Shareholding
Following the acquisition, the total holding of JSL Overseas Holding Limited in Jindal Stainless Limited stands at 14,01,21,967 shares. This revised holding accounts for 16.99% of the total voting rights, reflecting an increase of 0.08% in the promoter group’s overall stake.
Capital Structure Reference
The disclosure confirms that the equity share capital of Jindal Stainless Limited remains constant both before and after the transaction. The total capital is stated as Rs. 1,648,839,176/-, divided into 824,419,588 equity shares of Rs. 2/- each.
Persons Acting in Concert
The documentation also includes an extensive annexure listing numerous Persons Acting in Concert (PACs) with the acquirer, all of whom are categorized as belonging to the Promoter Group of Jindal Stainless Limited. This list includes individuals such as Abhyuday Jindal, Deepika Jindal, and various corporate entities and trusts associated with the promoter family.
Source: BSE
