JSL Overseas Holding Limited has disclosed the purchase of equity shares in Jindal Stainless Limited through open market transactions. The acquisition, completed across March 19th and March 20th, 2026, involved acquiring a total of 81,251 shares. This transaction increased the holding entity’s stake from 17.04% to 17.05% of the total diluted share capital of the target company, confirming its continued promoter group association.
Disclosure of Shareholding Increase
JSL Overseas Holding Limited announced on 23 March 2026, that it has increased its shareholding in Jindal Stainless Limited. This disclosure is made in compliance with the regulations pertaining to Substantial Acquisition of Shares and Takeovers (SAST).
Pre-Acquisition Holding Status
Prior to the recent transaction, JSL Overseas Holding Limited held 14,04,86,018 equity shares, representing 17.04% of the total share and voting capital of Jindal Stainless Limited. The entity confirms it belongs to the promoter group of the target company.
Details of Recent Acquisition
The acquisition consisted solely of shares carrying voting rights, executed via market purchase. A total of 81,251 shares were acquired across two dates in March 2026:
- 19 March 2026: 46,251 shares
- 20 March 2026: 35,000 shares
This resulted in a net increase of 81,251 shares, equating to 0.01% of the total capital.
Post-Acquisition Shareholding
Following the acquisition, the total number of shares held by JSL Overseas Holding Limited stands at 14,05,67,269. This revised holding now represents 17.05% of the total share capital.
Target Company Capital Structure
The equity share capital of Jindal Stainless Limited remained unchanged during this period:
- Before Acquisition: Rs. 164,88,39,176/- divided into 82,44,19,588 equity shares of Rs. 2/- each.
- After Acquisition: Rs. 164,88,39,176/- divided into 82,44,19,588 equity shares of Rs. 2/- each.
The diluted share/voting capital was also confirmed as unchanged at the 17.05% level post-transaction.
Source: BSE
