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 Pvt Ltd, a promoter-group entity of Jindal Steel Ltd, bought 49,418 shares (0.005% of total equity) through open market purchases on November 17, 2025. The acquisition lifted its holding from 4,53,536 shares (0.044%) to 5,02,954 shares (0.049%). The total equity capital of Jindal Steel remains at 1,02,00,88,097 shares of Re. 1 each. The filing is a routine SEBI SAST Regulation 29(2) disclosure triggered because the acquirer is part of the promoter group. The promoter group as a whole continues to hold a majority stake in the company.
A marginal incremental purchase by a promoter-group entity — too small to materially affect shareholding structure or stock price, but it signals continued promoter-group confidence in the company.