News ArticleJindal Power Limited Raises Stake in Jindal Steel Limited by Acquiring 3,49,076 Shares via Open Market
Acquisition on October 26, 2026, increases Jindal Power's voting rights in Jindal Steel Limited to 1.215%
Jindal Power Limited has acquired 3,49,076 equity shares of Jindal Steel Limited on October 26, 2026, raising its shareholding from 1,20,51,383 shares (1.181%) to 1,24,00,459 shares (1.215%) of the total voting capital. The acquisition was conducted through an open market purchase, as disclosed under SEBI regulations.
Jindal Power Limited
Acquisition / Amalgamation / Merger / Demerger
Jindal Power Limited disclosed the acquisition of 3,49,076 equity shares of Jindal Steel Limited on October 26, 2026, increasing its total holding to 1,24,00,459 shares, representing 1.215% of Jindal Steel's total voting capital.
The acquisition was made through open market purchases as per the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Prior to the transaction, Jindal Power held 1,20,51,383 shares or 1.181% of the total voting capital in Jindal Steel Limited, a promoter group company listed on BSE and NSE.
Post-acquisition, the shareholding rose modestly by 0.034 percentage points to 1.215% of the total voting capital based on a total equity share capital of 1,02,00,88,097 shares in Jindal Steel Limited.
Jindal Power Limited confirmed that no shares were encumbered and there were no warrants or convertible securities involved in this transaction.
The detailed list of persons acting in concert within the promoter group was appended as an annexure to the disclosure.
Highlights
- Acquisition date: October 26, 2026
- Number of shares acquired: 3,49,076
- Increase in shareholding from 1.181% to 1.215%
- Total equity share capital of Jindal Steel Limited: 1,02,00,88,097
- Acquisition mode: Open Market purchase under SEBI takeover regulations
Key Data Snapshot
What happened
- Jindal Power Limited acquired 3,49,076 equity shares of Jindal Steel Limited on October 26, 2026.
- This acquisition increased Jindal Power's shareholding from 1.181% to 1.215% of the total voting capital of Jindal Steel Limited.
- The transaction was conducted through an open market purchase under SEBI regulations.
Key details
- Total equity share capital of Jindal Steel Limited is 1,02,00,88,097 shares.
- No shares were encumbered or pledged as part of this acquisition.
- No warrants or convertible securities were involved in the transaction.
- Jindal Power Limited is part of the promoter group of Jindal Steel Limited.
- The acquisition complies with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Regulatory and governance context
- The disclosure was filed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Jindal Steel Limited's shares are listed on BSE Ltd. and National Stock Exchange of India Limited.
Highlights
- Acquisition date: October 26, 2026
- Number of shares acquired: 3,49,076
- Increase in shareholding from 1.181% to 1.215%
- Total equity share capital of Jindal Steel Limited: 1,02,00,88,097
- Acquisition mode: Open Market purchase under SEBI takeover regulations
Disclosures
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Jindal Power Limited is part of the promoter group of Jindal Steel Limited
Jindal Power Limited belongs to the promoter group of Jindal Steel Limited
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