Jindal Steel , a prominent steel manufacturer, has seen its promoter group entity, Jindal Cement Industries Private Limited, increase its shareholding through open market transactions. The acquisitions were made over two consecutive days, as disclosed under SEBI takeover regulations.

Transaction Details

Key Points

• The acquisitions were made through open market purchases.
• These transactions were carried out by Jindal Cement Industries Private Limited, which is part of the promoter group of Jindal Steel.
• The disclosures were made in compliance with SEBI takeover regulations.
• Jindal Steel's total equity capital remains unchanged at Rs. 10,200,880,970.

This move by the promoter group entity suggests a potential strengthening of their position within Jindal Steel. However, the relatively small percentages acquired (totaling 0.073% over the two days) indicate a gradual increase in stake rather than a significant shift in ownership structure.

Investors and market watchers may want to monitor further developments, as continued acquisitions by promoter group entities could potentially impact the company's shareholding pattern and governance dynamics.

Jindal Steel has announced that Jindal Cement Industries Private Limited has acquired shares in the company, resulting in a change in its ownership structure. The acquisition, completed on November 12, 2025, has led to Jindal Cement Industries being classified as part of the promoter and promoter group of Jindal Steel.

Acquisition Details

Jindal Cement Industries Private Limited, formerly known as Jindal Panther Cement Private Limited, has purchased 1,55,862 shares of Jindal Steel. This acquisition represents approximately 0.01% of the total share capital of Jindal Steel.

Impact on Shareholding

Following the acquisition, the equity share capital of Jindal Steel remains unchanged at Rs. 1,02,00,88,097, comprising 1,02,00,88,097 equity shares of Rs. 1 each. The acquisition by Jindal Cement Industries adds to the existing promoter and promoter group holdings in the company.

Disclosure and Compliance

In compliance with regulatory requirements, Jindal Cement Industries Private Limited has made the necessary disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure was filed on November 14, 2025, two days after the completion of the share acquisition.

Promoter Group Composition

The promoter and promoter group of Jindal Steel includes various individuals, trusts, and corporate entities. Some of the significant shareholders in this group include:

Market Implications

While the acquisition by Jindal Cement Industries represents a small percentage of the total share capital, its inclusion in the promoter group may be seen as a strategic move. This change in shareholding structure could potentially influence future decision-making processes within Jindal Steel.

Investors and market watchers may want to monitor any further developments or changes in the company's ownership structure, as well as any potential impact on the company's operations or strategic direction.

As the steel industry continues to evolve, such corporate actions may reflect broader trends in consolidation and strategic alignments within the sector.