Jindal Cement increases stake in Jindal Steel

Jindal Cement Industries, formerly known as Jindal Panther Cement, has disclosed an acquisition of 41,787 shares in Jindal Steel Limited. This transaction, executed on December 4, 2025, through an open market purchase, represents a 0.004% increase in their total shareholding.

Prior to this acquisition, Jindal Cement Industries held 24,82,082 shares, constituting 0.24% of Jindal Steel's total share and voting capital. Following the acquisition, Jindal Cement Industries now holds 25,23,869 shares, maintaining its overall 0.24% stake in Jindal Steel Limited's equity share capital and total voting capital, which stands at 1,02,00,88,097 equity shares of Re. 1/- each. The acquirer confirmed its affiliation with the promoter group of the target company.

This disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, to both BSE Limited and the National Stock Exchange of India Limited. The transaction underscores a continued consolidation within the promoter group of Jindal Steel Limited.