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, part of the promoter group of Jindal Steel Limited, bought 1,46,025 equity shares (0.014% of total share capital) in the open market on November 13, 2025. This nearly doubled its earlier holding of 1,55,862 shares, taking its post-acquisition stake to 3,01,887 shares (0.029%). The disclosure was filed under SEBI Regulation 29(2) of the Takeover Regulations. While the size is small, it signals continued promoter group confidence and incremental buying in the stock.
This is a small open-market purchase by a promoter group entity, indicating modest confidence-building buying rather than a strategic stake change. It is unlikely to materially move the stock price, but reflects ongoing promoter group accumulation.