The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for John Cockerill SA
COCKERILL · price
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John Cockerill India Ltd's Belgian promoter and holding company, John Cockerill SA, sold 1,91,851 equity shares (3.89% of paid-up capital) in the open market on December 26, 2025. Before the sale, the promoter held 36,93,837 shares (74.81%); after the sale, its holding stands at 35,01,986 shares (70.92%). The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations. The total share capital of the company remains unchanged at ₹4.93 crore (49,37,813 equity shares of ₹10 each). Despite the reduction, John Cockerill SA continues to hold a strong majority stake of over 70% in the Indian subsidiary.
This is a meaningful promoter sell-off of nearly 4% in the open market, which may put short-term pressure on the stock price due to supply overhang. However, the promoter retains a dominant 70.92% stake, so there is no risk of change in control. Investors should monitor for further sales to gauge the promoter's long-term intent.