MSP Steel promoter group increases stake through open market purchases

On December 4, 2025, MSP Steel & Power Limited announced that two promoter group entities had increased their stakes in the company through open market purchases. These disclosures, made in Form 'C' under SEBI (Prohibition of Insider Trading) Regulations, 2015, highlight a notable increase in promoter shareholding.

Jaik Leasing & Commercial Investment Limited, a promoter group entity, acquired 535,800 equity shares on November 28, 2025. This transaction, valued at INR 20,121,969.00, increased Jaik Leasing's total shareholding to 33,535,927 equity shares, representing 5.92% of the company's total shares, up from 5.82%.

Additionally, Shree Vinay Finvest Private Limited, another promoter group entity, purchased 1,257,600 equity shares on December 1 and 2, 2025, for a total of INR 46,951,885.5. This acquisition raised Shree Vinay Finvest's total shareholding to 10,814,743 equity shares, or 1.91%, compared to its previous holding of 1.69%.