JSL Overseas Holding Limited has reported a minor increase in its shareholding in Jindal Stainless Limited (JSL) via open market purchases. The acquisition involved 1,80,000 equity shares, representing a fractional increase of 0.02% in both total share capital and diluted share capital. Following the transaction, JSL Overseas’ holding stands at 17.07% of JSL’s total equity share capital. The transaction dates for the purchases were March 23, 2026, and March 24, 2026.
Shareholding Update Filing by JSL Overseas
JSL Overseas Holding Limited, a member of the promoter group, has submitted a mandatory disclosure concerning the acquisition of additional equity shares in its associate company, Jindal Stainless Limited (JSL). This disclosure is made in accordance with pertinent regulations concerning Substantial Acquisition of Shares and Takeovers.
Details of Acquisition
The acquisition involved the purchase of 1,80,000 shares carrying voting rights through market purchases. This resulted in a marginal increase of 0.02% in the total share capital of JSL. The total number of shares acquired across the two transaction days were 110,000 shares on 23.03.2026 and 70,000 shares on 24.03.2026.
Resulting Shareholding Position
Prior to this acquisition, the holding of JSL Overseas in JSL stood at 14,05,67,269 shares, equating to 17.05% of the total capital. Following the purchase of 1,80,000 shares, the revised holding stands at 14,07,47,269 shares. This new holding represents 17.07% of both the total share capital and the total diluted share capital of Jindal Stainless Limited.
Capital Structure Confirmation
The filing confirmed that the equity share capital of Jindal Stainless Limited remains constant at Rs. 164,88,39,176/-, divided into 82,44,19,588 equity shares, each with a face value of Rs. 2/-, both before and after the reported transaction.
Source: BSE
