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 2,80,563 equity shares (0.03% of total share capital) through open market on December 8, 2025. The acquisition was made on the BSE and NSE, where Jindal Steel's shares are listed. After this purchase, Jindal Cement Industries' holding in Jindal Steel increased from 25,34,369 shares (0.24%) to 28,14,932 shares (0.27%). The total equity share capital of Jindal Steel remains at 1,02,00,88,097 shares of Re. 1 each. The mode of acquisition was purely open market purchase, with no encumbrance or pledge involved.
This is a small open market purchase by a promoter group entity, indicating mild promoter confidence in the company. The 0.03% incremental stake is too small to materially affect shareholding pattern or trigger any takeover thresholds, so it is largely a routine regulatory disclosure with minimal price impact.