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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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.