Rohit Tower Building Limited, a promoter group entity, has completed the sale of its entire holding in Jindal Stainless Limited. The company offloaded 92,040 shares, representing a 0.01% stake in the target company. The transaction was executed via an open market sale on May 20, 2026, resulting in the entity holding zero shares in Jindal Stainless Limited following the divestment.
Details of the Equity Sale
Rohit Tower Building Limited, identified as a promoter group entity, has concluded a transaction to exit its equity position in Jindal Stainless Limited. Prior to the sale, the company held 92,040 shares, accounting for 0.01% of the total paid-up equity and voting capital of the target firm.
Transaction Overview
The divestment was conducted through an open market sale on May 20, 2026. As a result of this disposal, Rohit Tower Building Limited no longer holds any equity stake in Jindal Stainless Limited. The total voting capital of the target company remains structured with 82,44,19,588 equity shares, each with a face value of Rs. 2.
Post-Transaction Position
With the completion of this trade, the promoter group entity’s holding has been reduced to nil. This move marks the complete liquidation of the shares previously held by Rohit Tower Building Limited in the stainless steel manufacturer.
Source: BSE
