Jindal Power Increases Stake in Jindal Steel via Open Market Purchase
Jindal Power Limited acquired 88,124 equity shares of Jindal Steel Limited on August 29, 2025, according to a regulatory filing under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was executed through an open market purchase.
Prior to this acquisition, Jindal Power held 1,19,57,703 shares, representing 1.172% of the total share/voting capital. Following the acquisition, the company's holding has increased to 1,20,45,827 shares, which now constitute 1.181% of the total share/voting capital of Jindal Steel Limited. The increased stake reflects a shift in the shareholding structure.
| Particulars | Before Acquisition | After Acquisition |
|---|---|---|
| Shares carrying voting rights | 1,19,57,703 (1.172%) | 1,20,45,827 (1.181%) |
| Total diluted share/voting capital of the TC | 1,02,00,88,097 | 1,02,00,88,097 |
The disclosure, signed by Deepak Nathani, Company Secretary of Jindal Power Limited on September 02, 2025, highlighted key shareholders within the promoter group of Jindal Steel Limited as of August 29, 2025. These include Naveen Jindal with 81,36,596 shares and Abhyuday Jindal holding 11,58,635 shares. Entities such as JSL Limited (26,07,453 shares) and Nalwa Steel and Power Limited (18,84,13,667 shares) also hold significant positions.
Foreign promoters with notable shareholdings include Estrela Investment Company Limited (71,76,000 shares) and Jargo Investments Limited (74,30,400 shares).
Post-acquisition, the total share capital/voting capital of Jindal Steel Limited remains unchanged at 1,02,00,88,097.
This disclosure adheres to SEBI regulations, promoting transparency regarding changes in shareholding within Jindal Steel Limited.
The acquisition was executed through an open market transaction.
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