Jindal Cement raises stake in Jindal Steel through open market transactions

Jindal Cement Industries Private Limited, formerly known as Jindal Panther Cement Private Limited, has disclosed an increase in its shareholding in Jindal Steel Limited (formerly Jindal Steel & Power Limited). The acquisition falls under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

On November 17, 2025, Jindal Cement Industries Private Limited acquired 146,025 shares, increasing its stake from 0.015% (155,862 shares) to 0.029% (301,887 shares) of Jindal Steel Limited's total share capital. The following day, on November 18, 2025, an additional 151,649 shares were acquired, further raising the total holding to 453,536 shares, representing 0.044% of the total voting capital. These acquisitions were conducted via open market purchases.

As of November 7, 2025, Jindal Cement Industries Private Limited is part of the promoter group of Jindal Steel Limited. The total equity share capital of Jindal Steel Limited remains at Rs. 1,020,088,097, comprising 1,020,088,097 equity shares of Re. 1 each.