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The latest update is out from MSP Steel & Power Limited ( (IN:MSPL) ).
MSP Steel & Power Limited has announced that its promoter group entities, Shree Vinay Finvest Private Limited and Jaik Leasing & Commercial Investment Limited, have purchased a significant number of the company’s equity shares on the open market. This move involves the acquisition of 11,35,000 shares by Shree Vinay Finvest and 5,78,700 shares by Jaik Leasing, reflecting a strategic move to consolidate their holdings in the company. The purchases were made in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the disclosure has been duly submitted to the relevant stock exchanges. This acquisition could potentially strengthen the promoter group’s influence and control within MSP Steel & Power Limited, possibly impacting the company’s market position and stakeholder dynamics.
More about MSP Steel & Power Limited
Average Trading Volume: 95,848
Technical Sentiment Signal: Buy
Current Market Cap: 18.87B INR
Find detailed analytics on MSPL stock on TipRanks’ Stock Analysis page.