MSP Steel & Power Limited has informed the Exchange regarding 'Open Market Purchase of Equity Shares by Promoter Entity'.
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Three promoter group entities of MSP Steel & Power bought shares from the open market between 5 March and 9 March 2026. Sampat Marketing Company purchased 17,87,000 shares across two days, taking its holding from 1.48% to 1.80%. Ilex Private Limited bought 8,40,000 shares, raising its stake from 2.20% to 2.35%. Jagran Vyapaar bought 1,26,000 shares over two days. The total promoter group acquisition aggregates to roughly 27.5 lakh shares, executed on the NSE and reported under SEBI insider trading disclosure norms.
Open market buying by promoter group entities is generally read as a sign of confidence in the company's prospects, which is typically viewed positively by retail investors. It also signals continued promoter commitment to the company.