Jindal Cement Industries Private Limited has increased its stake in Jindal Steel Limited to 0.30% through market purchases. The acquisition involved 2,67,899 shares, bringing Jindal Cement’s total holding to 30,82,831 shares. This transaction, completed on December 9, 2025, reflects a strategic move by Jindal Cement within the Jindal Group.
Increased Holding in Jindal Steel
Jindal Cement Industries Private Limited, part of the promoter group, has acquired additional shares in Jindal Steel Limited, increasing its total stake to 0.30% of the company’s equity. This acquisition was executed through the open market.
Details of the Transaction
On December 9, 2025, Jindal Cement acquired 2,67,899 shares of Jindal Steel. This purchase increased their total shareholding from 28,14,932 shares (0.27%) to 30,82,831 shares, representing 0.30% of the total share/voting capital.
Share Capital Overview
Prior to this acquisition, the total voting capital of Jindal Steel was Rs. 1,02,00,88,097. Following the acquisition, the voting capital remains unchanged at Rs. 1,02,00,88,097.
Promoter Group Holdings
The announcement included a detailed list of holdings by promoters and promoter group entities in Jindal Steel Limited. Siddheshwari Tradex Private Limited holds 7.69% with 3.13% pledged, and Virtuous Tradecorp Private Limited holds 6.31% with 1.39% pledged.
Source: BSE