The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sajjan Jindal
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BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, filed by Sajjan Jindal, who is part of the promoter group of Jindal Stainless Ltd. This regulation requires promoters and persons acting in concert to disclose any change in their shareholding or voting rights that crosses 2% of the company's share capital. The specific nature of the transaction — whether it is an acquisition, disposal, or encumbrance of shares, and the exact quantum — is not detailed in the available headline. Shareholders should wait for the full disclosure to understand the exact change in promoter shareholding.
This is a routine regulatory disclosure by a promoter, so it may not directly move the stock price. However, the direction and size of the transaction (buy vs. sell) once revealed could influence investor sentiment about the promoter's confidence in the company.