JSL Overseas Holding Limited disclosed an acquisition of additional equity shares in Jindal Stainless Limited through open market purchases. The acquirer, part of the promoter group, purchased 95,000 equity shares, increasing their holding by 0.01%. Following this transaction, the total shareholding now stands at 17.04% of the total diluted share capital of Jindal Stainless Limited as of March 19, 2026.
Disclosure of Share Acquisition by Promoter Group
JSL Overseas Holding Limited has formally notified the stock exchanges regarding a change in its shareholding in Jindal Stainless Limited (JSL), the Target Company (TC). This disclosure is made pursuant to the acquisition of equity shares from the open market, confirming the continuous alignment of the promoter group with the Target Company.
Details of Shareholding Change
The disclosure covers the period leading up to March 19, 2026. Prior to this transaction, the acquirer held 14,03,91,018 shares, representing 17.03% of the total voting capital of JSL.
Acquisition Details (Purchase)
- Shares carrying voting rights acquired: 95,000 shares.
- Percentage acquired relative to total capital: 0.01%.
- Mode of acquisition: Market purchase.
- Acquisition dates: 50,000 shares on 17.03.2026 and 45,000 shares on 18.03.2026.
Holding Post-Acquisition
After the acquisition of 95,000 shares, the new holding details are as follows:
- Total shares carrying voting rights: 14,04,86,018 shares.
- Total stake by voting capital: 17.04%.
- Total diluted stake by capital: 17.04%.
Capital Structure Context
The filing confirms that the equity share capital of Jindal Stainless Limited remained constant before and after the transaction. The capital consists of 82,44,19,588 equity shares, each with a face value of Rs. 2/-, totaling an equity capital value of Rs. 164,88,39,176/-.
Associated Persons Acting in Concert (PAC)
The document includes an extensive Annexure detailing numerous entities and individuals who are deemed to be Persons Acting in Concert (PAC) with the acquirer, JSL Overseas Holding Limited, all classified under the Promoter Group. This list spans various family trusts, investment companies, and related entities, highlighting a unified promoter bloc in JSL.
Source: BSE
