The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Abhyuday Jindal
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Abhyuday Jindal (along with Deepika Jindal and Urvi Jindal) has gifted 5,070 equity shares of Jindal Strips Limited to Smt. Savitri Devi Jindal on March 28, 2025. Jindal Strips Limited is a promoter group entity holding 1,56,76,566 shares (1.90%) in Jindal Stainless Limited. As a result, Smt. Savitri Devi Jindal has indirectly acquired 1.90% stake in Jindal Stainless Limited through her increased holding in Jindal Strips Limited. The filing clarifies that the total promoter group shareholding in Jindal Stainless Limited remains unchanged — it is purely an internal family restructuring within the promoter group.
This is a non-event for shareholders — no change in promoter group ownership of Jindal Stainless Limited. It is an internal family reorganisation of promoter group entities and is unlikely to have any impact on the stock price or minority shareholders.