JSL Overseas Holding Limited, acting as part of the promoter group, has disclosed the purchase of equity shares in Jindal Stainless Limited (JSL) via the open market. The company acquired 4,01,010 equity shares between March 6, 2026, and March 9, 2026. This acquisition resulted in the promoter group’s total holding increasing marginally to 16.89% of the total voting capital of JSL. The total paid-up equity share capital remains unchanged post-transaction.
Mandatory Disclosure Filed by Promoter Group
JSL Overseas Holding Limited has filed a mandatory disclosure concerning the acquisition of shares in its associate company, Jindal Stainless Limited (JSL). This filing, dated 10 March 2026, details the purchase of shares under the SEBI Substantial Acquisition of Shares and Takeovers Regulations, 2011.
Pre- and Post-Acquisition Shareholding
Prior to the reported acquisition, the holding of JSL Overseas Holding Limited stood at 13,88,66,810 shares, representing 16.84% of the total voting capital of JSL.
The details of the acquisition/sale are as follows:
- Shares carrying voting rights acquired/sold: 4,01,010 shares.
- Percentage acquired relative to total capital: 0.05%.
Following the market purchase, the revised total holding for JSL Overseas Holding Limited is now 13,92,67,820 shares, which translates to 16.89% of the total voting capital. There were no changes reported in relation to encumbered shares or warrants.
Transaction Details
The mode of acquisition for all 4,01,010 shares was through Market Purchase. The purchases occurred across two dates in March 2026:
- 3,01,010 shares were acquired on 06.03.2026.
- 1,00,000 shares were acquired on 09.03.2026.
Capital Structure Remains Constant
The filing confirms that the equity share capital structure of Jindal Stainless Limited remained unchanged before and after the transaction. The capital stands divided into 82,44,19,588 equity shares of Rs. 2/- each, reflecting a total equity share capital value of Rs. 164,88,39,176/-.
The disclosure was signed by Rathee Jugessur, Director, on behalf of JSL Overseas Holding Limited.
Source: BSE
