Shares of Jindal Stainless experienced a slight increase after Virtuous Tradecorp Private Limited acquired an additional 3,10,277 equity shares, representing a 0.04% stake, through open market purchases. This acquisition falls under the Securities and Exchange Board of India (SAST) Regulations, 2011.
The disclosure, made on September 1, 2025, revealed that Virtuous Tradecorp, acting as an acquirer and part of the promoter group, increased its stake in Jindal Stainless Limited.
Prior to the acquisition, Virtuous Tradecorp held 6,10,68,022 shares, amounting to 7.41% of the total share/voting capital. Following the acquisition of the additional 3,10,277 shares, the total holding increased to 6,13,78,299 shares, representing 7.45% of the total share/voting capital.
The shares were acquired through market purchases, with 3,09,700 shares bought on August 28, 2025, and 577 shares on August 29, 2025.
| Details | Before Acquisition | After Acquisition | Acquired/Sold |
|---|---|---|---|
| Shares carrying voting rights | 6,10,68,022 (7.41%) | 6,13,78,299 (7.45%) | 3,10,277 (0.04%) |
| Shares in the nature of encumbrance | Nil | Nil | Nil |
| Voting rights (VR) otherwise than by shares | Nil | Nil | Nil |
| Warrants/convertible securities/any other instrument | Nil | Nil | Nil |
| Total | 6,10,68,022 (7.41%) | 6,13,78,299 (7.45%) | 3,10,277 (0.04%) |
The pre-acquisition equity share capital/total voting capital of Jindal Stainless was ₹1,648.84 Crores, divided into 82,44,19,588 equity shares of ₹2 each. The post-acquisition equity share capital remained the same.
Virtuous Tradecorp Private Limited is part of the promoter group of Jindal Stainless, along with several other entities and individuals, as per the detailed list attached in Annexure-1 of the disclosure.
The post-acquisition equity share capital remained the same.
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