Jindal Steel Ltd

📈 Skyhigh Sustainable to Acquire 4.87% Stake in Jindal Steel

• Skyhigh Sustainable Limited will acquire 4,97,09,952 equity shares (4.87% voting rights) of Jindal Steel Limited

• Total transaction value: ₹9,09,55,411

• Proposed acquisition date: on or after February 20, 2026

• 60-day volume-weighted average market price (pre-Feb 12, 2026): ₹1059.67 per share

• Post-acquisition: Skyhigh's holding increases from 0% to 4.87%, Gagan Infraenergy's decreases from 4.87% to 0%

• Rationale: Consolidate Jindal Steel shareholding within one entity