StockWatch
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Iron & Steel Products
Insider Trading20 Jun 2026, 02:30 pm

MSP Steel Promoter Group Buys 6.45 Lakh Shares

AI Summary

MSP Steel & Power Ltd announced that Ilex Private Limited, a promoter group entity, has purchased 6,45,000 equity shares through open market transactions on June 15, 2026. This disclosure is made in compliance with Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The details of the acquisition have been submitted in Form 'C'. This transaction signifies increased confidence and investment from the promoter group in the company's equity.

Key Highlights

  • Promoter group entity Ilex Private Limited acquired 6,45,000 shares.
  • The purchase was made via open market transactions.
  • Transaction date was June 15, 2026.
  • Disclosure filed under SEBI (Prohibition of Insider Trading) Regulations.
  • Indicates increased promoter confidence in the company.