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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On the reaction day the stock moved 0.3 pts more than Nifty 100 and 1.9 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 Power Limited, part of the promoter group of Jindal Steel Ltd, bought 5,556 equity shares through the open market on September 1, 2025. After this purchase, Jindal Power's holding in Jindal Steel stands at 1,20,51,383 shares, which is 1.181% of the company's total share capital — essentially unchanged from the previous 1.181%. This is a routine Regulation 29(2) SAST disclosure triggered because the promoter group entity made the acquisition, and the size of the trade is very small. No pledges or encumbrances were created or released as part of this transaction.
This is a token buy by the promoter group with no meaningful change in stake or voting power, so it is unlikely to move the share price. It signals continued promoter group support for the stock but carries no material governance or ownership implications for shareholders.