The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Saket Agrawal & PACs
MSPL · price
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On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 2.6 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Saket Agrawal, along with persons acting in concert (Shree Vinay Finvest, Jaik Leasing, Jagran Vyapaar, and Ilex Pvt Ltd), has increased his promoter group stake in MSP Steel & Power Ltd through open market purchases. The promoter group acquired 1,41,45,082 equity shares (2.50% of paid-up capital) between 20th November 2025 and 30th December 2025. As a result, the total promoter holding rose from 35.24% (19,97,49,330 shares) to 37.74% (21,38,94,412 shares). The shares were bought at face value Rs. 10 each, and total equity share capital remained unchanged at Rs. 56,67,96,645 equity shares of Rs. 10 each.
This is a confidence-building signal — promoters are using their own money to buy more shares from the open market, which typically suggests they believe the stock is undervalued. However, promoter holding remains below 50%, so there is no change in control. Retail investors may view this positively as insider buying, but should note that the acquisition is within the permitted 5% creeping limit and no immediate open-offer trigger has been crossed.