The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for JSL Overseas Holding Ltd
JSL · price
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Awaiting price reaction for this filing.
JSL Overseas Holding Limited, part of the promoter group of Jindal Stainless Limited, purchased 1,62,132 equity shares (0.02% of total share capital) from the open market on 10 March 2026. The promoter group's holding in Jindal Stainless has increased from 16.89% (13,92,67,820 shares) to 16.91% (13,94,29,952 shares). The acquisition was made through a market purchase, and no encumbrance (pledge/lien) changes were reported. JSL Overseas Holding is a Mauritius-based promoter group entity.
This is a small promoter group purchase (0.02%) and signals continued promoter confidence, though the size is too small to materially affect stock price. The promoter group remains comfortably below 50%, so no takeover-related concerns arise from this transaction.