Jindal Steel and Power today said its Chairman and Managing Director Naveen Jindal has increased his stake in the company by 0.01% by acquiring 1 lakh shares for Rs 5.38 crore.
In a filing to the Bombay Stock Exchange, the company said that Jindal has acquired 1 lakh shares on August 5 from the National Stock Exchange through open market transactions.
Jindal, who is the main promoter of the firm, held 0.28% stake in his name or 26.5 lakh shares in the company before the transaction took place. All promoters together hold over 58% stake in JSPL.
In the first quarter of the current fiscal, Jindal Steel and Power had reported consolidated net profit of Rs 933 crore on a turnover of Rs 3,944 crore.