Shareholding16 Jul 2026, 02:40 pm
JSW Steel Promoter Group Releases 1.6 Cr Shares from Pledge
AI Summary
JSW Steel Limited's promoter group, JSL Overseas Ltd, has disclosed the release of a pledge on 16,026,090 shares of JSW Steel Limited. The release occurred on July 7, 2026, and was related to securing borrowings. This action reduces the pledged shareholding of JSL Overseas Ltd to 0.66% of the total share capital. The disclosure was made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, and reported to the stock exchanges on July 15, 2026. The total outstanding shares of JSW Steel Limited are 2,445,453,966.
Key Highlights
- Promoter group JSL Overseas Ltd released 16,026,090 pledged shares.
- Pledge release was for securing borrowings.
- Pledged shares now represent 0.66% of total share capital.
- Disclosure filed under SEBI Takeover Regulations.
- Transaction date was July 7, 2026.
Price Impact
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