JSL Overseas Holding Limited has filed a mandatory disclosure regarding the purchase of equity shares in Jindal Stainless Limited (JSL). The transaction, executed via the open market on March 10, 2026, involved acquiring 1,62,132 equity shares. This acquisition increased the acquirer’s total holding to 16.91% of JSL’s total voting capital. The disclosure confirms the acquisition falls under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, noting that the acquirer belongs to the promoter group.
Mandatory Disclosure on Share Acquisition
JSL Overseas Holding Limited has officially submitted a disclosure concerning the acquisition of shares in Jindal Stainless Limited (TC), in compliance with regulatory requirements pertaining to substantial shareholding changes. The disclosure confirms that the acquirer is part of the promoter group of the Target Company (TC).
Pre-Acquisition Shareholding Status
Before the recent transaction under consideration, the holding of JSL Overseas Holding Limited in Jindal Stainless Limited stood as follows:
- Total shares carrying voting rights: 13,92,67,820
- Percentage of total voting capital: 16.89%
The report indicates that there were no holdings in the nature of encumbrances, warrants, or convertible securities reported prior to this purchase.
Details of Acquisition
The acquisition was executed through a market purchase on March 10, 2026. The specific details of the transaction are:
- Shares carrying voting rights acquired/sold: 1,62,132
- Increase in percentage of total voting capital: 0.02%
Consequently, the total number of shares acquired amounts to 1,62,132, resulting in a marginal but measurable increase in ownership.
Post-Acquisition Shareholding Position
Following the completion of the open market purchase, the resultant holding of JSL Overseas Holding Limited in Jindal Stainless Limited is detailed below:
- Shares carrying voting rights: 13,94,29,952
- Total percentage of total voting capital held: 16.91%
Capital Structure Context
The capital structure of Jindal Stainless Limited remained consistent before and after the acquisition, based on the provided figures:
The Equity share capital / total voting capital of the TC both before and after the said acquisition/sale is stated as Rs. 1648839176/- divided into 824419588 equity shares of Rs.2/- each. The percentage calculations are based on this consistent capital base.
Source: BSE
