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 Limited, a member of the promoter group of Jindal Stainless Limited, purchased 3,61,328 equity shares from the open market across two days — 1,78,000 shares on 1 February 2026 and 1,83,328 shares on 2 February 2026. This raised its holding from 13,44,31,593 shares (16.31%) to 13,47,92,921 shares (16.35%) of the company's paid-up equity capital. 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 disclosure was filed under Regulation 29(2) of SEBI SAST Regulations, 2011.
This is a small incremental buy (0.04%) by the promoter group, signaling continued promoter confidence in the company. While the size is modest and unlikely to move the stock on its own, it reinforces promoter commitment and may be viewed as a mildly positive sentiment signal by retail investors.