The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jindal Power Ltd & PACs
JINDALSTEL · price
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Jindal Power Limited, part of the promoter group of Jindal Steel Limited, acquired 88,124 equity shares of the company through the open market on August 29, 2025. This represents just 0.009% of the total share capital. Post-acquisition, Jindal Power Limited's holding in Jindal Steel increased marginally from 1.172% (1,19,57,703 shares) to 1.181% (1,20,45,827 shares). The disclosure has been filed by the Company Secretary of Jindal Power Limited with both BSE and NSE under SEBI takeover regulations. The full list of Persons Acting in Concert (PACs) including promoter individuals, HUFs, trusts, and body corporates has been attached as Annexure A.
This is a very small, routine purchase by a promoter group entity and is unlikely to have any meaningful impact on the stock price or shareholder structure. It reflects minor portfolio activity rather than any strategic shift.