JSL Overseas Holding Limited has disclosed its purchase of equity shares in Jindal Stainless Limited. The acquisition, executed through market purchases, resulted in an increase of 2,54,190 shares, representing 0.03% of the total voting capital. This transaction brings JSL Overseas Holding’s total shareholding in Jindal Stainless to 17.80% of the total diluted share capital.
Shareholding Update for Jindal Stainless
JSL Overseas Holding Limited has submitted a disclosure regarding its acquisition of shares in Jindal Stainless Limited, in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition was carried out through open market purchases.
Details of Acquisition
Prior to this transaction, JSL Overseas Holding held 14,64,86,740 equity shares of Jindal Stainless Limited, constituting 17.77% of the total share capital. Following the acquisition of 2,54,190 shares, the total holding of JSL Overseas Holding now stands at 14,67,40,930 shares. This new holding represents 17.80% of the total share capital and 17.80% of the total diluted share capital of Jindal Stainless Limited.
Transaction Information
The shares were acquired through market purchases on November 3, 2026 and November 4, 2026. The total equity share capital of Jindal Stainless Limited before and after the acquisition remains at Rs. 1648839176/-, divided into 824419588 equity shares of Rs. 2/- each.
Promoter Group Status
JSL Overseas Holding Limited is identified as belonging to the promoter group of Jindal Stainless Limited, as detailed in Annexure-1 of the disclosure, which lists associated persons acting in concert.
Source: BSE
