JSL Overseas Holding Limited has filed a mandatory disclosure detailing the recent purchase of equity shares in Jindal Stainless Limited. The acquisition was executed via open market purchases across March 4 and March 5, 2026. As a result of these transactions, the holding of JSL Overseas has increased to 13,88,66,810 shares, representing 16.84% of the total voting capital of the target company.
Mandatory Disclosure of Share Acquisition
JSL Overseas Holding Limited issued a formal disclosure on 6 March 2026 regarding a substantial acquisition of equity shares in Jindal Stainless Limited (the Target Company). The filing was made in compliance with applicable regulations concerning substantial acquisition and takeovers.
Holding Position Before and After Transaction
Prior to the recent transactions, JSL Overseas Holding Limited held 13,79,51,924 shares, equating to 16.73% of the total share capital. Following the recent purchase, the total shareholding now stands at 13,88,66,810 shares, representing a consolidated holding of 16.84% of the total voting capital.
Details of Acquisition
The acquisition involved the purchase of a total of 9,14,886 equity shares, which constitutes 0.11% of the total capital. The mode of acquisition for all shares was Market Purchase.
- Shares Acquired on 04.03.2026: 4,61,531 shares
- Shares Acquired on 05.03.2026: 4,53,355 shares
Capital Structure Confirmation
The equity share capital of Jindal Stainless Limited remains unchanged after the acquisition. The capital is stated as Rs. 1648839176/- divided into 824419588 equity shares of Rs. 2/- each, both before and after the reported acquisition.
Promoter Group Status
JSL Overseas Holding Limited confirms that it belongs to the promoter group of Jindal Stainless Limited. An annexure detailing numerous Persons Acting in Concert (PAC) within the promoter group was appended to the filing.
Source: BSE
