The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for JTPM Metal Traders Ltd & PACs
JSWENERGY · price
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JTPM Metal Traders Ltd, part of JSW Energy's promoter group, acquired 95,23,809 equity shares and 4,76,19,047 convertible warrants on 21 January 2026 through a preferential allotment. This acquisition represents 3.43% of JSW Energy's equity share capital on a fully diluted basis. Post-acquisition, the promoter group's total holding in JSW Energy rises to 126,77,38,669 shares, or 70.24% on a diluted basis (up from 69.27% earlier). JTPM Metal Traders' individual stake increases from 0.27% to 3.43% on a diluted basis. The company's total equity share capital expands from 174.78 crore shares to 175.73 crore shares after the allotment, with fully diluted capital at 180.49 crore shares assuming full warrant conversion.
This is a promoter-group infusion that signals continued confidence in the company, but it also slightly dilutes minority shareholders given the preferential nature of the allotment. The promoter group remains firmly in control above the 70% threshold, reducing takeover risk but limiting free float.