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 (formerly Jindal Panther Cement Pvt Ltd), part of the promoter group of Jindal Steel Limited, acquired 2,67,899 equity shares (0.03% of total share capital) through open market purchases on December 9, 2025. The acquisition increased the entity's holding from 28,14,932 shares (0.27%) to 30,82,831 shares (0.30%) of Jindal Steel. The disclosure is filed under Regulation 29(2) of the SEBI Takeover Regulations, which mandates reporting by entities of promoter/promoter group when acquiring shares. Jindal Steel's total equity share capital remains unchanged at approximately 102 crore equity shares of Re. 1 each.
This is a small open-market purchase by a promoter group entity, signalling continued promoter confidence in the company. The marginal increase of 0.03% is unlikely to materially impact stock price but reflects steady promoter-group accumulation within regulatory limits.