Jindal Saw Limited has informed the Exchange about General Updates
JINDALSAW · price
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Jindal Saw Limited informed exchanges that its subsidiary, Jindal ITF Limited, has allotted fresh equity shares to its other shareholders, which diluted Jindal Saw's stake in JITF from 76.09% to 56.42%. Jindal ITF operates in the Water Transportation business and was incorporated in 2007 in India. The dilution took place on June 9, 2025, and Jindal Saw continues to remain the majority shareholder of JITF despite the reduction. No cash consideration was involved — the change happened because new shares were issued by the subsidiary to outside shareholders, increasing the total share base.
Jindal Saw's effective economic interest and share of future profits from Jindal ITF will be lower, though it retains majority control. Minority shareholders should watch for any further capital raises or strategic moves involving JITF that could continue to dilute parent-level value.