Promoter Group Entities Purchase Equity in MSP Steel & Power Limited via Open Market
MSP Steel & Power Limited saw multiple promoter group entities acquiring equity shares through open market purchases. The acquisitions were carried out by Ginny Traders Private Limited, Sampat Marketing Company Pvt Ltd, and Ilex Private Limited.The companies involved in the transactions include Ginny Traders Private Limited, Sampat Marketing Company Pvt Ltd, and Ilex Private Limited. These promoter group entities purchased a combined total of over 20 lakh equity shares in MSP Steel & Power Limited during the period specified by the transactions.
Details regarding the purchases made by the promoter group are presented below:
| Promoter Entity | Date of Purchase(s) | Number of Equity Shares Purchased |
|---|---|---|
| Ginny Traders Private Limited | 19 June 2026 | 7,30,000 |
| Sampat Marketing Company Pvt Ltd | 19 June 2026 & 22 June 2026 | 12,04,000 |
| Ilex Private Limited | 22 June 2026 | 1,66,849 |
Ilex Private Limited Transaction Details
Ilex Private Limited executed a market purchase of equity shares in MSP Steel & Power Ltd on June 22, 2026. The transaction involved the acquisition of 1,66,849 equity shares at a value of Rs 74,61,287.06.Prior to this purchase, Ilex Private Limited held 1,81,63,500 securities, representing 3.21% of the company's holding. Following the acquisition, the promoter group entity’s holding stood at 1,83,30,349 shares, or 3.24%.
The transaction was classified as a purchase in the market by Ilex Private Limited.
MSPL Stock Price Movement
MSP Steel & Power Limited shares slipped on Thursday, shedding ₹0.29 or 0.69% to settle at ₹41.9. The equity closed near its lower intraday range after trading within a band that extended from ₹41.5 to the day high of ₹43.42 amidst volume of 1.17 million shares.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.