 "Naveen Jindal hikes stake in JSPL")
In an exchange filing, the steel and power producer said Jindal had increased his stake in two tranches on March 21 and March 22 to hike his shareholding in the company from 0.41% earlier to 0.46% now.
Jindal, who had 38,10,714 shares in the company, bought 2,00,226 shares on March 21 for Rs 6.86 crore.
Also Read
On March 22, he again bought 2,85,000 shares in the firm for Rs 10.03 crore. Post these transactions, he has 42,95,940 shares in JSPL.
JSPL said shares of the company were bought through open market transactions on the National Stock Exchange.
Promoters held 59.02% stake in JSPL as on end of 2012.
Shares of the company today settled at Rs 351.90 a piece, up 3.11% over the previous closing in the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%