Promoter group buys 349,076 Jindal Steel shares in open market
JINDALSTEL · price
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On the reaction day the stock moved 0.6 pts less than Nifty 100 and in line with its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jindal Power Limited, part of Jindal Steel's promoter group, acquired 349,076 equity shares in the open market on October 26, 2026. Its voting stake rose from 12,051,383 shares, or 1.181%, to 12,400,459 shares, or 1.215%. No pledged shares or other encumbrances were created or released.
The purchase is mildly positive for sentiment, but the direct 1.215% holding remains small and no pledged shares were involved.