Promoter Group Entity Purchases 4,60,493 Equity Shares in Two Tranches, Increasing Its Stake from 17.71% to 17.77%
New Delhi: JSL Overseas Holding Limited, a promoter group entity of Jindal Stainless Limited, has acquired 4,60,493 equity shares of the stainless steel manufacturer through open market transactions, increasing its shareholding in the company from 17.71% to 17.77%.
According to the regulatory disclosure filed with the stock exchanges, the acquisition was completed in two separate transactions on October 30 and November 2, 2026.
Details of Share Acquisition
The promoter group entity purchased a total of 4,60,493 shares, representing approximately 0.06% of Jindal Stainless Limited’s total equity share capital.
The transactions were carried out as follows:
| Transaction Date | Shares Acquired |
|---|---|
| October 30, 2026 | 2,10,093 |
| November 2, 2026 | 2,50,400 |
| Total | 4,60,493 |
Both transactions were executed through open market purchases.
Shareholding Increases to 17.77%
Before the latest acquisition, JSL Overseas Holding Limited held 14,60,26,247 equity shares, equivalent to a 17.71% stake in Jindal Stainless Limited.
Following the purchase of the additional shares, its total holding increased to 14,64,86,740 equity shares, representing 17.77% of the company’s total share capital.
The acquisition reflects an increase in the promoter group’s shareholding in the company.
Disclosure Filed Under SEBI Regulations
JSL Overseas Holding Limited disclosed the transactions under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The company’s total equity share capital remains unchanged at 82,44,19,588 equity shares, with a face value of ₹2 per share.
The latest acquisition represents an additional investment by a promoter group entity in Jindal Stainless through market purchases.
The S Bharat | Business News
