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, a part of the promoter group of Jindal Steel Limited, acquired 5,97,759 equity shares (0.05% of total share capital) through open market purchases on November 24, 2025. The disclosure was filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. After the acquisition, Jindal Cement Industries' holding in Jindal Steel rose from 13,34,390 shares (0.13%) to 19,32,149 shares (0.19%). No encumbrance or pledge was created on the acquired shares. The total equity share capital of Jindal Steel remained unchanged at approximately 102 crore equity shares of Re. 1 each.
Open-market buying by a promoter-group entity is generally viewed as a positive signal of insider confidence in the company, though the incremental stake is small (0.05%) and unlikely to materially move the stock price.