Jindal Cement boosts stake in Jindal Steel with open market share purchase

Jindal Cement Industries Private Limited, formerly Jindal Panther Cement Private Limited, has acquired 280,563 equity shares of Jindal Steel Limited through an open market purchase on December 8, 2025. This transaction increases Jindal Cement’s total shareholding to 2,814,932 shares, representing 0.27% of Jindal Steel’s total voting capital. Prior to this acquisition, Jindal Cement held 2,534,369 shares, or 0.24% of the voting capital.

The acquisition falls under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as Jindal Cement is a member of Jindal Steel’s promoter group. The total equity share capital of Jindal Steel Limited remains at INR 1,02,00,88,097, comprising 1,02,00,88,097 equity shares of INR 1 each.

Deepak Shrivastav, whole-time director of Jindal Cement Industries Private Limited, confirmed the details from Gurgaon on December 10, 2025.