Jindal Cement Industries Private Limited has increased its stake in Jindal Steel Limited (JSL) through market purchases. The acquisition involved 2,80,563 shares, raising Jindal Cement’s holding to 28,14,932 shares, representing 0.27% of JSL’s total share capital. This transaction was executed on December 8, 2025, and reflects a strategic move by Jindal Cement within the promoter group of Jindal Steel Limited.
Acquisition Details
Jindal Cement Industries Private Limited, part of the promoter group, has acquired an additional 2,80,563 shares of Jindal Steel Limited (JSL). This purchase increases Jindal Cement’s total holding in JSL to 28,14,932 shares.
Stake Increase
Following the acquisition on December 8, 2025, Jindal Cement’s stake in Jindal Steel Limited has risen to 0.27% of the total share/voting capital. The shares were acquired through the open market.
Promoter Group Holdings
The announcement includes a detailed list of promoter and promoter group holdings in Jindal Steel Limited as of December 5, 2025. Key stakeholders include Naveen Jindal, Savitri Devi Jindal, and various Jindal-related entities. The list details the number of shares held by each entity and their percentage of the total share capital. It also indicates shares pledged or otherwise encumbered by certain promoter entities.
Key Promoter Entities
Entities with notable holdings are Gagan Infraenergy Limited with 4.87%, Siddheshwari Tradex Private Limited with 7.69% (some of which are pledged), and OPJ Trading Private Limited with 18.47% of the shares.
Source: BSE
