Mansarover Tradex Limited, a member of the promoter group of Jindal Stainless Limited, has increased its equity holding in the company. Through an open market purchase executed on May 20, 2026, the entity acquired 92,040 shares, representing a 0.01% increase in its total voting capital. Following this acquisition, the total promoter group stake in Jindal Stainless has reached 1.37%.
Acquisition Details
Mansarover Tradex Limited, acting as part of the promoter group of Jindal Stainless Limited, completed an acquisition of 92,040 shares through the open market. The transaction, dated May 20, 2026, reflects the promoter group’s continued confidence in the company. This purchase accounts for a 0.01% change in the total shareholding pattern of the target company.
Impact on Shareholding
Before this transaction, Mansarover Tradex Limited held 1,12,01,770 shares, equivalent to 1.36% of the total equity. Post-acquisition, the holding has risen to 1,12,93,810 shares, bringing the total stake to 1.37%. The total equity share capital of Jindal Stainless Limited stands at approximately 82,44,19,588 equity shares of Re. 2 each.
Promoter Group Alignment
The transaction aligns with the broader investment activities of the Jindal Stainless promoter group, which includes various family trusts, investment firms, and individual promoters. The details of the Persons Acting in Concert (PAC) involved in the wider promoter group structure have been officially documented to ensure transparency regarding the aggregate promoter interest in the company.
Source: BSE
