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Jindal Steel and Power (JSPL) on Saturday said its Chairman and Managing Director Mr Naveen Jindal has increased his stake in the company by 0.01 per cent by acquiring 1 lakh shares for Rs 5.38 crore.
In a filing to the Bombay Stock Exchange, the company said that Mr Jindal has acquired 1 lakh shares on August 5 from the National Stock Exchange through open market transactions.
Mr Jindal, who is the main promoter of the firm, held 0.28 per cent stake in his name or 26.5 lakh shares in the company before the transaction took place. All promoters, together hold over 58 per cent 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.
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