Jindal Cement Industries Private Limited has increased its stake in Jindal Steel Limited to 0.08% through an acquisition of 28,526 shares. The acquisition, completed on November 20, 2025, was executed via open market purchase. This move reflects a strategic decision by Jindal Cement, a member of the promoter group, to bolster its position within Jindal Steel.
Stake Acquisition Details
Jindal Cement Industries Private Limited, part of the promoter group, acquired 28,526 shares of Jindal Steel Limited, increasing its holding to 8,37,053 shares. This acquisition represents 0.08% of the total and diluted share/voting capital of Jindal Steel. The transaction was completed on November 20, 2025, through open market purchases.
Pre and Post Acquisition Holdings
Before the acquisition, Jindal Cement held 8,08,527 shares, also representing 0.08% of the share capital. After the acquisition of 28,526 shares, the total holding stands at 8,37,053 shares, maintaining the 0.08% stake. The total issued equity share capital of Jindal Steel remains at Rs. 1,02,00,88,097, consisting of 1,02,00,88,097 equity shares of Re. 1 each.
Promoter Group Shareholding
The promoter and promoter group collectively hold a significant portion of Jindal Steel’s shares. Key entities within this group include individuals like Naveen Jindal, Abhyuday Jindal, and corporate bodies such as Gagan Infraenergy Limited and Siddheshwari Tradex Private Limited. This concentrated ownership underscores the strategic importance of Jindal Steel to its promoter group.
Source: BSE
