News Orders & Deals JSL Overseas Holding Limited Acquires Additional 3.61 Lakh Shares in Jindal Stainless LimitedJSL Overseas Holding Limited Acquires Additional 3.61 Lakh Shares in Jindal Stainless Limited
JSL Overseas Holding Limited acquired 3,61,328 additional shares of Jindal Stainless Limited through market purchases on February 1-2, 2026, increasing its shareholding from 16.31% to 16.35%. The promoter group entity disclosed the transaction under SEBI SAST Regulations, with purchases totaling 1,78,000 shares on February 1 and 1,83,328 shares on February 2. The acquisition marginally increased JSL Overseas' total holding to 13,47,92,921 shares while Jindal Stainless' equity capital structure of Rs. 164,88,39,176 divided into 82,44,19,588 shares remained unchanged.
*this image is generated using AI for illustrative purposes only.
JSL Overseas Holding Limited, a Mauritius-based promoter group entity, has acquired additional equity shares in Jindal Stainless Limited through open market purchases, as disclosed under SEBI's substantial acquisition regulations.
Share Acquisition Details
The acquisition involved 3,61,328 equity shares purchased over two consecutive trading days. The purchases were executed as follows:
| Date | Shares Acquired |
|---|---|
| February 1, 2026 | 1,78,000 |
| February 2, 2026 | 1,83,328 |
| Total | 3,61,328 |
Shareholding Pattern Changes
The acquisition resulted in a marginal increase in JSL Overseas Holding Limited's stake in Jindal Stainless Limited:
| Parameter | Before Acquisition | After Acquisition | Change |
|---|---|---|---|
| Number of Shares | 13,44,31,593 | 13,47,92,921 | +3,61,328 |
| Percentage Holding | 16.31% | 16.35% | +0.04% |
| Voting Rights | 16.31% | 16.35% | +0.04% |
Company Capital Structure
Jindal Stainless Limited's equity share capital structure remained unchanged following the transaction:
- Total Equity Share Capital: Rs. 164,88,39,176
- Number of Equity Shares: 82,44,19,588
- Face Value per Share: Rs. 2
Regulatory Compliance
The disclosure was made in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. JSL Overseas Holding Limited confirmed its status as a promoter group entity of Jindal Stainless Limited. The company maintains no encumbrances, warrants, convertible securities, or other instruments that would entitle it to additional voting rights in the target company.
Stock Exchange Notification
The disclosure was submitted to both stock exchanges where Jindal Stainless Limited shares are listed - the National Stock Exchange of India Limited (NSE) and BSE Limited. The acquisition was executed through regular market purchases without any off-market transactions or preferential allotments.
Historical Stock Returns for Jindal Stainless
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.43% | -1.71% | -1.06% | +7.16% | +26.70% | +936.91% |
19
