JSL Overseas Holding Limited has filed a mandatory disclosure regarding the purchase of equity shares of Jindal Stainless Limited from the open market. The acquirer, already part of the promoter group, increased its holding by 2,69,051 shares. This transaction, executed on March 13th and 16th, 2026, resulted in the total shareholding climbing from 17.00% to 17.03% of the total voting capital.
Mandatory Disclosure on Share Acquisition
JSL Overseas Holding Limited has issued a formal disclosure detailing the acquisition of additional equity shares in the Target Company (TC), Jindal Stainless Limited, pursuant to relevant regulations. The acquirer confirms that it belongs to the promoter group of Jindal Stainless Limited.
Holding Before Transaction
Prior to the latest transaction, JSL Overseas Holding Limited held 14,01,21,967 shares, representing 17.00% of the total share/voting capital and 17.00% of the total diluted share/voting capital of the TC.
Details of Acquisition
The acquisition comprised a total of 2,69,051 shares carrying voting rights, all executed through market purchase. This accounts for a 0.03% increase in both the total share capital and the total diluted share/voting capital.
- Acquired Shares: 2,69,051 (0.03%)
- Acquisition Dates: 110,500 shares on 13.03.2026 and 158,551 shares on 16.03.2026.
Holding After Transaction
Following the acquisition, the total holding of JSL Overseas Holding Limited in Jindal Stainless Limited now stands at 14,03,91,018 shares. This translates to a revised holding of 17.03% in both the total share capital and the total diluted share/voting capital.
Capital Structure Confirmation
The Equity Share Capital base used for calculating the percentage remains unchanged before and after the said acquisition:
- Equity Capital (Before/After): Rs. 1,64,88,39,176/-, divided into 82,44,19,588 equity shares of Rs. 2/- each.
Persons Acting in Concert (PAC)
The disclosure also includes an extensive annexure listing numerous Persons Acting in Concert (PAC) with the acquirer, all identified as belonging to the Promoter Group. Notable PACs listed include various family members (such as Abhyuday Jindal, Deepika Jindal), HUFs, and numerous associated corporate entities like Vrindavan Services Private Limited and Jindal Strips Limited.
Source: BSE
