MSP Steel & Power Limited has informed the Exchange regarding 'Open Market Purchase of Equity Shares by Promoter Entity'.
MSPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
MSP Steel & Power has informed the exchanges that two promoter group entities bought shares of the company in the open market. Shree Vinay Finvest Private Limited purchased 5,81,400 equity shares on December 24 and 26, 2025, for about Rs. 2.12 crore, raising its stake from 2.39% to 2.49%. Jagran Vyapaar Pvt Ltd purchased 7,35,000 equity shares on December 29 and 30, 2025, for about Rs. 2.66 crore, raising its stake from 7.45% to 7.58%. Together, the promoter group entities spent around Rs. 4.78 crore to increase their combined holding through legitimate open market transactions reported under insider trading regulations.
This is a positive signal for shareholders as promoter group entities are using their own funds to buy more shares, indicating confidence in the company's prospects. Such promoter buying often supports the stock price and signals long-term commitment from insiders.