StockWatch
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Iron & Steel Products
Shareholding12 Jun 2026, 06:01 pm

MSP Steel Promoter Group Increases Stake by 2.61%

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 2.61% through open market purchases. The acquisition, which occurred between June 2nd and June 11th, 2026, brings the total promoter group holding to 42.82%. This disclosure is made in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The total equity share capital of the company remains unchanged at Rs. 5,66,79,66,450/-.

Key Highlights

  • Promoter group acquired an additional 2.61% stake.
  • Total promoter holding now stands at 42.82%.
  • Acquisition was made via open market purchases.
  • Disclosure filed under SEBI Takeover Regulations.
  • No change in the company's total equity share capital.