Promoter Entities Execute Open Market Purchases of Equity Shares in MSP Steel & Power Limited
Promoter group entities of MSP Steel & Power Limited have acquired substantial quantities of equity shares through open market purchases, as detailed across multiple promoter companies. Shree Vinay Finvest Pvt. Ltd., M.A Hire Purchase Pvt Ltd, and Sampat Marketing Company Pvt Ltd were the key entities involved in these acquisitions during June 2026.The transactions recorded reflect the ongoing participation of the promoter group in strengthening their stake in MSP Steel & Power Limited (MSPL).
Details regarding the open market purchases executed by each promoter entity are as follows:
Shree Vinay Finvest Pvt. Ltd.
Shree Vinay Finvest Pvt. Ltd. acquired 4,00,000 equity shares of the company on June 12, 2026.
M.A Hire Purchase Pvt Ltd.
M.A Hire Purchase Pvt Ltd. executed open market purchases spanning two dates. The entity acquired a total of 24,00,000 equity shares across the transactions dated June 12, 2026, and June 15, 2026. The purchase transaction on those dates was valued at Rs. 10,07,96,400.00.
Sampat Marketing Company Pvt Ltd.
Sampat Marketing Company Pvt Ltd. also carried out open market purchases on two separate dates in June 2026: June 12 and June 15. The company acquired a total of 10,25,000 equity shares. Prior to these transactions, the entity held 1,19,81,642 equity shares.
A summary of the purchase activity by the promoter group members is presented in the table below:
| Promoter Group Entity | Acquisition Date(s) | Shares Acquired (Equity) | Notes/Value |
|---|---|---|---|
| Shree Vinay Finvest Pvt. Ltd. | June 12, 2026 | 4,00,000 | Open market purchase |
| M.A Hire Purchase Pvt Ltd | June 12 & June 15, 2026 | 24,00,000 | Total value: Rs. 10,07,96,400.00 |
| Sampat Marketing Company Pvt Ltd | June 12 & June 15, 2026 | 10,25,000 | Purchase activity |
MSPL Stock Price Movement
Today, MSP Steel & Power Limited shares climbed, closing at ₹42.21 after gaining 1.21% in post-market trading. The stock achieved a high of ₹43.08 during the session and saw significant activity, with over 5.7 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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