MSP Steel & Power Limited has informed the Exchange regarding 'Open Market Purchase of Equity Shares by Promoter Entity'.
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Awaiting price reaction for this filing.
MSP Steel & Power Limited has disclosed that three promoter group entities bought equity shares from the open market in late February 2026. Ilex Private Limited purchased 60,000 shares (about Rs 19.33 lakh) on Feb 26, taking its holding to 2.06% from 2.05%. Shree Vinay Finvest Private Limited bought 9,00,000 shares (about Rs 2.89 crore) on Feb 26, raising its stake to 2.65% from 2.49%. Jagran Vyapaar Pvt Ltd bought 8,97,000 shares (about Rs 2.87 crore) on Feb 27, increasing its stake to 7.74% from 7.58%. In total, the promoter group entities acquired roughly 18.57 lakh shares for an aggregate value of about Rs 5.95 crore.
This is a positive signal for shareholders as the promoter group is increasing its stake in the company through open market purchases, reflecting confidence in the business. Such buying typically provides support to the stock price and signals promoter commitment, though the individual increases in stake percentage are small.