Jindal Cement Expands Jindal Steel Stake, Now Includes Power

Jindal Cement Industries Private Limited, formerly known as Jindal Panther Cement Private Limited, has disclosed an acquisition of shares in Jindal Steel Limited. The transaction, executed on November 24, 2025, involved the acquisition of 597,759 voting shares through an open market purchase.

This acquisition increases Jindal Cement's total voting rights in Jindal Steel to 1,932,149 shares, representing 0.19% of the total share capital. Prior to this acquisition, Jindal Cement held 1,334,390 shares, or 0.13% of the total voting capital. Jindal Cement Industries Private Limited is identified as part of the promoter group of the target company.

The total equity share capital of Jindal Steel & Power Limited remains unchanged at INR 1,02,00,88,097, comprising 1,02,00,88,097 equity shares of INR 1/- each, both before and after the acquisition. This disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.