The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Global Jindal Fin Invest Ltd
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Maharashtra Seamless Ltd has submitted a SAST disclosure on behalf of Global Jindal Fin-Invest Ltd, a promoter group entity. The promoter group's stake in the company increased from 8.09% (54,24,944 shares) to 8.65% (1,15,89,617 shares), a rise of 0.56 percentage points. Of the 61,64,673 additional shares, 55,00,310 were received as bonus shares and the remaining were acquired through open market purchases. The acquisition was spread over a long period from November 2022 to February 2026. The total equity share capital of the company remains Rs.66,99,96,260 (approx. 6.7 crore shares).
This is a modest, gradual increase in promoter group holdings, signalling continued confidence from the promoters. The post-acquisition stake of 8.65% remains well below the 10% creeping acquisition threshold, so no immediate regulatory action is triggered.