New Delhi, March 5 -- Jindal Steel & Power share price gained over 2% on Wednesday after its promoter raised stake in the company. Jindal Steel & Power shares rose as much as 2.4% to Rs.887.90 apiece on the BSE.

Jindal Power Limited, a promoter entity of Jindal Steel & Power Ltd (JSPL), has acquired an additional stake in the company, thereby raising its shareholding.

On February 28, 2025, Jindal Power purchased 4,17,018 equity shares of Jindal Steel & Power Ltd, representing 0.04% stake in the company, a regulatory filing showed.

Prior to this acquisition, promoter Jindal Power held 1 crore JSPL shares, representing 0.98% stake in the company.

The promoter Jindal Power's total shareholding after the recent purchase in Jindal Steel & ...