JSL Overseas Holding Limited Increases Stake in Jindal Stainless Limited to 16.66%
Mumbai, March 2, 2026: JSL Overseas Holding Limited has increased its shareholding in Jindal Stainless Limited through open market purchases, in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited.
Details of the Share Purchase
JSL Overseas Holding Limited acquired a total of 8,03,661 equity shares of Jindal Stainless Limited via market purchase:
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3,18,661 shares on February 26, 2026
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4,85,000 shares on February 27, 2026
Shareholding Before the Acquisition
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13,65,08,651 equity shares
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16.56% of the total share capital
Shareholding After the Acquisition
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13,73,12,312 equity shares
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16.66% of the total share capital
The acquisition represents an increase of 0.10% in shareholding.
Promoter Group Holding
JSL Overseas Holding Limited belongs to the promoter group of Jindal Stainless Limited. The transaction was executed through open market purchases, and there has been no change in the paid-up equity share capital of the company.
Capital Structure
The equity share capital of Jindal Stainless Limited remains:
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₹1,648,839,176
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Divided into 82,44,19,588 equity shares of ₹2 each
The total diluted share capital also remains unchanged following the acquisition.
The disclosure has been made in compliance with the applicable provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.