StockWatch
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Iron & Steel Products
Shareholding23 Jun 2026, 03:26 pm

MSP Steel Promoter Group Increases Stake by 2.30%

AI Summary

Saket Agrawal, promoter of MSP Steel & Power Ltd, along with Persons Acting in Concert (PACs), has disclosed an increase in their shareholding by 2.30% through open market purchases. The acquisition, which took place between June 12th and June 22nd, 2026, resulted in the promoter group's total shareholding rising from 42.82% to 45.12%. The total equity share capital of the company remains Rs. 566,796,645, consisting of 56,679,6645 equity shares of Rs. 10 each.

Key Highlights

  • Promoter group acquired an additional 2.30% stake in MSP Steel & Power.
  • Acquisition was made via open market purchases between June 12-22, 2026.
  • Total promoter group shareholding now stands at 45.12%.
  • Disclosure made as per SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.