JSL Overseas Holding Acquires 16.73% Stake in Jindal Stainless Ltd from Open Market

JSL Overseas Holding Ltd, a company based in Mauritius, has acquired 16.73% stake in Jindal Stainless Limited from the open market. The acquisition was made in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The total shares of Jindal Stainless Limited before the acquisition were 13,73,12,312, which increased to 13,79,51,924 after the acquisition. No shares were encumbered or held in the form of warrants or convertible securities. The acquisition was made on 2nd March 2026. The equity share capital of Jindal Stainless Limited before and after the acquisition is Rs. 1648839176/- divided into 824419588 equity shares of Rs.2/- each.