The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gagan Infraenergy Ltd & PACs
JINDALSTEL · price
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Gagan Infraenergy Limited, part of the promoter group of Jindal Steel Limited, sold 4,97,09,952 shares (4.87% of total equity) to Skyhigh Sustainable Limited, which is a wholly owned subsidiary of Gagan Infraenergy itself. The transfer happened off-market on February 20, 2026, under Regulation 10(1)(a)(iii) of the SEBI Takeover Regulations, which exempts inter-se transfers among promoter group entities. After the sale, Gagan Infraenergy's direct holding in Jindal Steel drops to zero, but those shares now sit within its own subsidiary. Total share capital of Jindal Steel remains unchanged at 1,02,00,88,097 equity shares. The combined promoter group stake in Jindal Steel is not affected by this transaction as it is purely an internal reshuffle.
This is a bookkeeping change within the promoter group — no real change in overall promoter control or free-float. Retail investors should see no impact on share price or ownership economics; the transfer only moves shares from one promoter entity to its own subsidiary.