The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
JSL · price
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Awaiting price reaction for this filing.
Three promoter group members — Arti Jindal, Sajjan Jindal (as Trustee of Sajjan Jindal Family Trust), and Naveen Jindal — are acquiring 2,51,90,330 equity shares (3.058% of share capital) of Jindal Stainless by way of gift from Savitri Devi Jindal. The transaction is an inter-se transfer within the promoter group and is exempt from the open offer requirement under Regulation 10(1)(a)(ii). No cash is involved since it is a gift, and the 60-day volume-weighted average price stands at Rs. 605.15 per share. Total promoter group shareholding remains unchanged at 60.88% before and after the transfer. The proposed acquisition date is on or after 9th June 2025.
This is a routine internal promoter-family reshuffle via gift, with no change in aggregate promoter holding and no cash outflow. Neutral for the stock price and existing public shareholders, though Arti Jindal, Naveen Jindal, and the Sajjan Jindal Family Trust will see meaningful individual increases in their personal stakes.