JSPL Chairman Naveen Jindal
JSPL said shares of the company were bought through open market transactions on the National Stock Exchange.
In an exchange filing, the steel and power producer said Jindal had increased his stake in two tranches on March 21 and March 22 to hike his shareholding in the company from 0.41 per cent earlier to 0.46 per cent now.
Jindal, who had 38,10,714 shares in the company, bought 2,00,226 shares on March 21 for Rs 6.86 crore. On March 22, he again bought 2,85,000 shares in the firm for Rs 10.03 crore. Post these transactions, he has 42,95,940 shares in JSPL.
Promoters held 59.02 per cent stake in JSPL as on end of 2012.
Shares of the company on Friday settled at Rs 351.90 apiece, up 3.11 per cent, against the previous closing on the Bombay Stock Exchange.
With inputs from PTI