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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On the reaction day the stock moved 3.4 pts less than Nifty Midcap 150 and 3.7 pts less than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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JSL Overseas Holding Limited, a promoter group entity of Jindal Stainless Limited, has disclosed an open market purchase of 9,00,123 equity shares (0.11% of total share capital). The shares were bought in two tranches — 5,50,000 on 24 February 2026 and 3,50,123 on 25 February 2026. With this acquisition, the promoter group's holding has increased from 16.45% (13,56,08,528 shares) to 16.56% (13,65,08,651 shares). No encumbrance, warrants, or convertible instruments were involved in the transaction. The disclosure is filed under Regulation 29(2) of the SEBI SAST Regulations, 2011.
A small but positive signal of promoter confidence in the company, though the 0.11% increase is incremental and unlikely to materially move the stock price. Post-acquisition promoter holding stands at 16.56%.