The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for JSL Overseas Holding Ltd

Promoter Stake BuyOwnership Changes View source PDF Explain this filing

JSL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.1%Reaction day

₹708.00

prior close

₹734.95

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+2.3%-2.4% vs market

Iron & Steel peers, median of 9sector+3.0%-3.2% vs sector

On the reaction day the stock moved 2.4 pts less than Nifty Midcap 150 and 3.2 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

-0.4

15m

-0.7

30m

-2.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1+2.3-2.4+3.0-3.2

Next day

+1.1+1.9-0.8+2.8-1.7

+1.8+3.4-1.6+6.2-4.4

+2.1+3.5-1.4+6.7-4.6

+7.0+7.6-0.6+9.5-2.4

+7.1+7.9-0.8+8.4-1.4

+8.2+9.0-0.8+14.3-6.1

15d

+8.5+12.6-4.1+17.9-9.4

+10.7+14.0-3.3+23.5-12.7

-1.4+14.6-16.0+31.1-32.5

-3.8+17.5-21.2+10.5-14.2

UpDownMarket · Nifty Midcap 150Sector · Iron & Steel peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

JSL Overseas Holding Limited, a promoter group entity of Jindal Stainless based in Mauritius, bought 4,34,303 shares (0.05% stake) from the open market on 25 March 2026 (1,55,000 shares) and 27 March 2026 (2,79,303 shares). Its holding in the company rose from 14,07,47,269 shares (17.07%) to 14,11,81,572 shares (17.12%) of the equity share capital. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations. No encumbrance or pledge activity is involved — this is a straightforward open market share purchase.

Likely market impact

This is a small open-market purchase by a promoter group entity, signalling continued promoter confidence in the company. The increase in stake is marginal (just 0.05%), so the direct impact on share price is limited, but it is a mildly positive sentiment signal for retail investors.