Jindal Cement Industries Acquires Additional Stake in Jindal Steel Limited
Jindal Cement Industries acquires additional 1,18,448 shares in Jindal Steel Limited, raising total holding to 0.22%. Disclosure made under SEBI takeover regulations.
New Delhi – Jindal Cement Industries Private Limited, formerly known as Jindal Panther Cement Private Limited, has disclosed the acquisition of an additional 1,18,448 shares in Jindal Steel Limited, increasing its total holding to 22,76,072 shares, representing 0.22% of the company’s total share capital. The acquisition was conducted through the open market on December 1, 2025.
Jindal Cement Industries is part of the promoter group of Jindal Steel Limited, and this step reflects the group’s continued commitment to consolidating its stake in the company. Prior to this acquisition, the company held 0.21% of shares in Jindal Steel Limited.
The disclosure was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The total equity share capital of Jindal Steel Limited remains at 1,02,00,88,097 shares of Re. 1 each.
The promoter and promoter group of Jindal Steel Limited includes individuals, family trusts, HUFs, and corporate entities, with notable holdings by OPJ Trading Private Limited (18.47%), Opelina Sustainable Services Private Limited (14.42%), and Siddheshwari Tradex Private Limited (7.69%). Foreign promoters also hold stakes, including Jargo Investments Limited and Nacho Investments Limited.
This move is aligned with the group’s long-term strategy to strengthen its position in the steel sector while ensuring transparency and compliance with SEBI regulations.