Jindal Steel and Power (JSPL) today said one of its promoters has increased stake in the company by 0.17% to 8.42% for Rs 99.43 crore.
Opelina Finance and Investment has picked up the additional stake through open market purchases in two days starting February 16, JSPL said in a filing to the Bombay Stock Exchange (BSE).
Opelina used to hold 7,71,88,960 shares, or 8.25% stake, in JSPL before the transactions and now it has 7,87,33,960 shares, or 8.42% stake, in the company.
It bought 7.67 lakh shares on February 16 for Rs 50.05 crore and again forked out Rs 49.38 crore to purchase an additional 7.78 lakh shares today.
As of December-end, promoters' stake in JSPL stood at 58.58%.
The JSPL scrip closed at Rs 639.25 per share at the BSE today - down 0.11%.
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