JSL Overseas Holding Limited has disclosed the acquisition of 434,303 equity shares of Jindal Stainless Limited through open market purchases between March 25, 2026, and March 27, 2026. This transaction increased the holding company’s total stake in the target company from 17.07% to 17.12%. The acquirer confirmed that JSL Overseas Holding Limited belongs to the promoter group of Jindal Stainless Limited.
Disclosure of Share Acquisition
JSL Overseas Holding Limited has formally disclosed a transaction concerning its holding in Jindal Stainless Limited (the Target Company). This filing details the purchase of equity shares executed via market purchases. The acquisition involved 434,303 shares carrying voting rights, representing 0.05% of the total share/voting capital.
Holding Before and After Transactions
Prior to this acquisition, JSL Overseas Holding Limited held 14,07,47,269 shares, equating to 17.07% of the total share capital. Following the acquisition, the total number of shares held by the acquirer has increased to 14,11,81,572. This translates to a revised holding percentage of 17.12% of the total share and voting capital.
Transaction Details
The acquisitions took place on the following dates:
- 155,000 shares were acquired on March 25, 2026.
- 279,303 shares were acquired on March 27, 2026.
- The total number of shares acquired is 434,303.
Capital Structure Details
The equity share capital of Jindal Stainless Limited remained consistent throughout the transaction period. The capital structure is stated as Rs. 1648839176/-, divided into 824,419,588 equity shares of Rs. 2/- each, both before and after the said acquisition/sale.
Promoter Group Affiliation
The disclosure explicitly confirms that JSL Overseas Holding Limited belongs to the promoter group of Jindal Stainless Limited. An attached annexure lists numerous Persons Acting in Concert (PACs), all confirmed to be part of the Promoter Group, including various individuals and corporate entities such as Abhyuday Jindal, Naveen Jindal HUF, and Jsl Limited.
Source: BSE
