Jindal Cement increases stake in Jindal Steel

Jindal Cement Industries Private Limited, formerly known as Jindal Panther Cement Private Limited, has disclosed a substantial acquisition of shares in Jindal Steel Limited. The transaction, executed on December 2, 2025, involved the purchase of 144,611 equity shares through an open market operation. This acquisition increased Jindal Cement’s total holding in Jindal Steel from 2,276,072 shares to 2,420,683 shares.

Prior to this acquisition, Jindal Cement held 0.22% of Jindal Steel's total share capital. Following the transaction, its stake has risen to 0.23% of the total diluted share/voting capital. Jindal Cement Industries Private Limited is part of the promoter group of Jindal Steel Limited.

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, to both the BSE Limited and the National Stock Exchange of India Limited. Deepak Shrivastav, whole-time director of Jindal Cement Industries Private Limited, signed the disclosure.