The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Saket Agrawal & PACs
MSPL · price
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Promoter Saket Agrawal, along with persons acting in concert (Shree Vinay Finvest Pvt. Ltd., Jaik Leasing & Commercial Investment Pvt. Ltd., Jagran Vyapaar Pvt. Ltd., and Ilex Pvt Ltd.), acquired 1,41,45,082 equity shares (2.50%) of MSP Steel & Power Ltd through open market purchases between November 20, 2025 and December 30, 2025. The promoter group's total shareholding increased from 19,97,49,330 shares (35.24%) to 21,38,94,412 shares (37.74%) of the company's paid-up equity capital. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations, which is triggered when a promoter or acquirer's shareholding increases by more than 2% in a financial year.
The open market purchase signals promoter confidence in the company's prospects and strengthens promoter control. With holdings rising to 37.74%, the promoter group remains below the 50% majority mark but is steadily consolidating its stake, which could be viewed positively by retail investors as a sign of insider conviction.