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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Awaiting price reaction for this filing.
JSL Overseas Holding Ltd, part of the promoter group of Jindal Stainless Ltd, bought 1,27,828 equity shares (0.02% of total share capital) from the open market on 18 June 2025. This is a disclosure filed under Regulation 29(2) of SEBI SAST Regulations, 2011. The acquirer's stake in Jindal Stainless rose marginally from 16.16% (13,31,38,272 shares) to 16.18% (13,32,66,100 shares). The purchase was made entirely through the open market route, and there is no mention of any encumbrance (pledge) creation or release. The filing includes a long list of persons acting in concert (PACs) with the acquirer, all belonging to the promoter group.
This is a small promoter group purchase that signals continued confidence from the promoter family in the company, though the increase in stake is negligible and unlikely to move the stock price on its own.