The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jindal Cement Industries Pvt Ltd
JINDALSTEL · price
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On the reaction day the stock moved 0.4 pts less than Nifty 100 and 0.2 pts more than 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 Cement Industries Private Limited, part of the promoter group of Jindal Steel Limited, acquired 1,55,862 equity shares (about 0.01% of total share capital) through an open market purchase on November 12, 2025. The disclosure is filed under Regulation 29(1) of the SEBI Takeover Regulations, and the acquirer notes that subsequent to this purchase it now falls under the promoter/promoter group category. Before this transaction the acquirer held no shares in the company, so this marks its entry as a promoter-group shareholder. The total share capital of Jindal Steel remains unchanged at roughly 102 crore equity shares of Re 1 each. The broad promoter and promoter group table shows several trusts and body corporates — including OPJ Trading (18.47%), Opelina Sustainable Services (14.42%) and Gagan Infraenergy (4.87%) — as key members of the promoter group.
The acquisition is very small (just 0.01%) and is largely a formal classification move rather than a meaningful change in promoter ownership, so it is unlikely to move the stock price. It does, however, signal that a new promoter-group entity is now officially consolidated, which marginally strengthens promoter alignment but offers no fresh buying signal for retail investors.