Promoter Group Entities Acquire Equity Shares in MSP Steel & Power Ltd
MSP Steel & Power Ltd saw open market purchases of equity shares by two entities belonging to its Promoter Group, Ginny Traders Private Limited and Sampat Marketing Company Pvt Ltd. These acquisitions represent increased stake holding across both companies.Ginny Traders Private Limited purchased 23,50,000 equity shares of the company on June 02, 2026. The transaction was valued at Rs. 9,94,00,300.00. Prior to this purchase, Ginny Traders held 84,43,819 equity shares, representing a 1.49% stake in the company. Following the open market acquisition, their holdings stood at 1.90%.
Sampat Marketing Company Pvt Ltd conducted its purchases over two days, acquiring a total of 11,05,000 equity shares on June 02, 2026, and June 03, 2026. The purchase was executed at a value of Rs. 4,56,40,80.50.
The data provided regarding Sampat Marketing Company Pvt Ltd’s stake shows the following details:
| Metric | Detail |
|---|---|
| Securities Type Acquired | Equity Shares |
| Total Shares Acquired | 11,05,000 |
| Transaction Value | Rs. 4,56,40,80.50 |
| Acquisition Mode | Purchase Market (NSE) |
| Pre-acquisition Holding | 1,01,76,642 shares (1.80%) |
| Post-acquisition Holding | 1.99% of shares |
The transactions were executed by the respective entities as Promoter Group members in open market purchases of MSP Steel & Power Ltd equity shares.
MSPL Stock Price Movement
MSP Steel & Power Limited shares slipped today, closing at ₹40.28 after the equity shed 1.08% from the previous close. The stock recorded a total traded volume of 5.79 million shares during post-market trading hours.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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