The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jindal Cement Industries Pvt Ltd
JINDALSTEL · price
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Jindal Cement Industries Private Limited, part of the promoter group of Jindal Steel Ltd, bought 1,18,448 shares (0.01% stake) through open market purchases on December 1, 2025. After this acquisition, the entity holds 22,76,072 shares, equivalent to 0.22% of the company's total equity share capital. The total equity capital of Jindal Steel Ltd stands at about 102 crore equity shares of Re. 1 each. The disclosure was filed under SEBI Takeover Regulations and signed by Whole-time Director Deepak Shrivastav on December 3, 2025. This is a small, incremental purchase by a promoter-group company, signalling continued promoter confidence in the company.
This is a minor promoter-group open-market purchase that is too small to materially affect shareholding or stock price, but it indicates ongoing promoter confidence in Jindal Steel Ltd. Retail investors should view it as a positive sentiment signal rather than a meaningful change in ownership.