The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for JSL Overseas Holding Ltd

Promoter Stake BuyPromoter Below 50pctOwnership Changes View source PDF Explain this filing

JSL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.8%Reaction day

₹733.95

prior close

₹734.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.2%+2.0% vs market

Iron & Steel peers, median of 9sector-0.3%+2.1% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Midcap 150 and 2.1 pts more than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.5

10m

-1.2

15m

-0.6

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8-0.2+2.0-0.3+2.1

Next day

-3.6-2.9-0.7-3.1-0.5

-3.8-3.3-0.5-4.8+1.0

-0.5-2.3+1.8-2.2+1.8

-0.4-0.4+0.0-0.8+0.3

-3.5-3.5-0.0-3.6+0.1

-5.3-6.7+1.4-9.0+3.7

15d

-1.5-3.5+2.0-1.8+0.3

+4.3+1.6+2.7+5.9-1.6

+0.6+5.4-4.8+10.9-10.4

-5.2+6.8-12.0+10.3-15.5

UpDownMarket · Nifty Midcap 150Sector · Iron & Steel peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.