The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for JSL Overseas Holding Ltd & PACs
JSL · price
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JSL Overseas Holding Limited, a promoter group entity of Jindal Stainless Ltd, has disclosed an open market purchase of 81,251 equity shares under SEBI SAST Regulation 29(2). The shares were bought in two tranches: 46,251 shares on 19 March 2026 and 35,000 shares on 20 March 2026. Before the purchase, the entity held 14,04,86,018 shares (17.04% of total share/voting capital); after the purchase, its holding rose marginally to 14,05,67,269 shares (17.05%). The total equity share capital of Jindal Stainless remains Rs. 16,48,83,9176 divided into 82,44,19,588 equity shares of Rs. 2 each. The increase is very small at just 0.01% of the company's share capital.
This is a minor open market purchase by a promoter group entity, indicating continued promoter confidence in the company. However, the size is too small (0.01%) to materially affect shareholding patterns or stock price. Investors should note that the promoter group's Mauritius-based entity continues to hold around 17.05% of the company.