Opelina Finance ups stake in JSPL to 8.42% for Rs 100 cr
Jindal Steel and Power (JSPL) on Friday said one of its promoters has increased stake in the company by 0.17 per cent to 8.42 per cent for Rs 99.43 crore.
By PTI | Updated:
MUMBAI: Jindal Steel and Power ( JSPL) on Friday said one of its promoters has increased stake in the company by 0.17 per cent to 8.42 per cent for Rs 99.43 crore.
Opelina Finance and Investment Ltd has picked up the additional stake through open market purchases in two days starting February 16, JSPL said in a filing to the BSE.
Opelina used to hold 7,71,88,960 shares, or 8.25 per cent stake, in JSPL before the transactions and now it has 7,87,33,960 shares, or 8.42 per cent 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 per cent.
The JSPL scrip closed at Rs 639.25 per share at the BSE today, down 0.11 per cent.
Opelina Finance and Investment Ltd has picked up the additional stake through open market purchases in two days starting February 16, JSPL said in a filing to the BSE.
Opelina used to hold 7,71,88,960 shares, or 8.25 per cent stake, in JSPL before the transactions and now it has 7,87,33,960 shares, or 8.42 per cent 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 per cent.
The JSPL scrip closed at Rs 639.25 per share at the BSE today, down 0.11 per cent.
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