MSP Steel & Power Limited has informed the Exchange regarding 'Open Market Purchase of Equity Shares by Promoter Entity'.
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MSP Steel & Power Limited informed the exchanges that three promoter group entities have collectively bought 17,37,500 equity shares in the open market. Sampat Marketing Company Pvt Ltd purchased 2,29,500 shares (worth about Rs. 73.6 lakhs) on February 20, 2026, taking its holding from 1.28% to 1.32%. Jaik Leasing and Commercial Investment Ltd bought 6,08,000 shares (worth about Rs. 1.99 crore) on the same date, raising its stake from 6.14% to 6.25%. Ilex Private Ltd purchased 9,00,000 shares (worth about Rs. 2.88 crore) on February 23, 2026, taking its holding from 1.73% to 1.89%. The combined promoter group stake has increased by roughly 0.30 percentage points, with an estimated total purchase value of around Rs. 5.60 crore.
Open market buying by promoter group entities is generally viewed as a positive signal, indicating the promoters' confidence in the company's future. This is a relatively small increase in overall promoter holding and is unlikely to materially affect the stock price in the short term, but it may be read as a supportive vote of confidence by insiders.