The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rohit Tower Building Ltd
JSL · price
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Rohit Tower Building Limited, a Promoter Group entity of Jindal Stainless Limited, sold 92,040 equity shares (0.01% of total share capital) in an open market transaction on May 20th, 2026. Prior to the sale, the entity held 92,040 shares (0.01%). After the sale, their holding dropped to zero, meaning they fully divested their stake in the company. The total share capital of Jindal Stainless remains unchanged at Rs. 1,64,88,39,176 (82,44,19,588 equity shares of Rs. 2 each). Rohit Tower Building Limited is a PAC (Person Acting in Concert) with the promoter group.
The exit of a promoter group entity from its small shareholding (0.01%) is unlikely to materially impact the stock price, but it signals continued consolidation or reorganisation within the promoter group of Jindal Stainless.