The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Skyhigh Sustainable Ltd & PACs
JINDALSTEL · price
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Skyhigh Sustainable Limited, a wholly-owned subsidiary of Gagan Infraenergy Limited, acquired 4,97,09,952 equity shares (4.87% of total share capital) of Jindal Steel Limited from Gagan Infraenergy Limited on February 20, 2026. The transfer was done off-market under Regulation 10(1)(a)(iii) of SEBI Takeover Regulations, which exempts inter-se transfers within the promoter group. Both Gagan Infraenergy and Skyhigh Sustainable are part of the promoter group, so the total promoter shareholding in Jindal Steel remains unchanged — only the holding entity within the group has changed. Jindal Steel's total equity share capital stands at Rs. 102,00,88,097 (1,02,00,88,097 shares of Re. 1 each).
This is purely an internal reshuffle within the promoter group and is unlikely to have any meaningful impact on the stock price or on the overall promoter holding. Retail investors should treat this as a bookkeeping change — shares moved from a parent entity to its wholly-owned subsidiary, both within the promoter group.