FilingReader Intelligence

Jindal Stainless: Sajjan Jindal increases stake via family trust

July 1, 2025 at 07:13 PM UTCBy FilingReader AI

Sajjan Jindal has increased his indirect stake in Jindal Stainless (BSE:JSL) through a transfer of 5,070 equity shares of Jindal Strips Limited to the Sajjan Jindal Family Trust. The transfer, executed as a gift from Savitri Devi Jindal on June 30, 2025, has increased the Trust's indirect holding to 1.903% of Jindal Stainless's paid-up share capital. Jindal Strips Limited, a promoter group entity, holds 1,56,76,566 equity shares in Jindal Stainless. This transaction will not affect the promoter group shareholding, but the transfer changes the shareholding pattern of Jindal Strips Limited. Jindal Stainless's equity share capital remains at INR1,647,539,176, divided into 823,769,588 shares of INR2 each after the acquisition. The company has confirmed it to the stock exchanges.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:JSLBombay Stock Exchange

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