JSL Overseas Holding Limited has disclosed an increase in its shareholding in Jindal Stainless Limited via an open market purchase. The acquisition involved 9,00,123 equity shares, increasing the total stake from 16.45% to 16.56% of the total voting capital. This transaction took place across February 24 and February 25, 2026, and confirms the acquirer’s status as part of the Promoter Group of Jindal Stainless Limited.
Mandatory Disclosure of Share Acquisition
JSL Overseas Holding Limited submitted a disclosure detailing the acquisition of equity shares in Jindal Stainless Limited (JSL), the Target Company (TC). The disclosure is made in compliance with regulations concerning Substantial Acquisition of Shares and Takeovers.
Acquirer Status and Target Details
The acquirer, JSL Overseas Holding Limited, confirms that it belongs to the Promoter/Promoter Group of the Target Company. The shares of Jindal Stainless Limited are listed on both the National Stock Exchange of India Limited (NSE) and the BSE Limited (BSE).
Holding Details Before Acquisition
Prior to the current transaction being considered, the holding of JSL Overseas Holding Limited in Jindal Stainless Limited was as follows:
- Shares carrying voting rights: 13,56,08,528, representing 16.45% of the total share capital.
- Total holding (including all categories): 16.45% of the total diluted capital.
Details of Acquisition
The acquisition was conducted through Market purchase.
- Shares carrying voting rights acquired: 9,00,123.
- This acquisition represents 0.11% of the total share capital and diluted capital.
- The acquisition dates were split: 550,000 shares on 24.02.2026 and 350,123 shares on 25.02.2026, totaling 9,00,123 shares.
Holding Details After Acquisition
Following the acquisition, the total holding of JSL Overseas Holding Limited in Jindal Stainless Limited is:
- Shares carrying voting rights: 13,65,08,651.
- Percentage of total share capital: 16.56%.
- Total diluted share/voting capital held: 16.56%.
Capital Structure Reference
The equity share capital of the Target Company before and after the acquisition remains constant, stated as Rs. 1648839176/-, divided into 824,419,588 equity shares of Rs. 2/- each.
Source: BSE
