The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Abhyuday Jindal & PACs
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Awaiting price reaction for this filing.
Abhyuday Jindal, part of the promoter group, transferred 2,50,58,536 equity shares (3.042% of total) of Jindal Stainless Ltd to other promoter group members by way of gift on 28 March 2025. The shares were mainly received by Savitri Devi Jindal, whose holding rose from 0.032% to 3.090%. Deepika Jindal's holding also changed slightly. The filing confirms there is no change in the total promoter group shareholding, as this is purely an internal reshuffle within the promoter family entities.
This is a non-event for the stock and outside shareholders, since the promoter group's overall stake and voting power remain unchanged. It reflects internal family reorganisation of holdings, with no buying or selling in the open market.