Acquisitions14 Mar 2026, 12:02 pm
JSL Overseas Holding Ltd Acquires Shares of Jindal Stainless Ltd from Open Market
AI Summary
JSL Overseas Holding Ltd, a Mauritius-based company, has purchased equity shares of Jindal Stainless Limited from the open market. The acquisition was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The total shares acquired amounted to 14,01,21,967, which is 16.99% of the total voting rights of Jindal Stainless Limited. The acquisition was made on 11th and 12th March 2026. The equity share capital of Jindal Stainless Limited remains unchanged at Rs. 1648839176/- divided into 824419588 equity shares of Rs.2/- each, both before and after the acquisition.
Key Highlights
- JSL Overseas Holding Ltd has acquired 14,01,21,967 shares of Jindal Stainless Limited, amounting to 16.99% of the total voting rights.
- The acquisition was made from the open market on 11th and 12th March 2026.
- The equity share capital of Jindal Stainless Limited remains unchanged at Rs. 1648839176/- divided into 824419588 equity shares of Rs.2/- each.
- Jindal Stainless Limited is listed on the National Stock Exchange of India Limited and BSE Limited.