SYNOPSIS: The company’s promoter group entities acquired additional shares via open market purchases on the NSE, increasing their respective stakes, and reflecting incremental promoter holding in the company.
During Thursday’s trading session, shares of a small-cap company involved in the business of manufactures and sells of iron and steel products surged more than 6 percent on BSE, after the company’s multiple promoters increased stake via open market purchase on the NSE.
With a market cap of Rs. 1,812.6 crores, shares of MSP Steel & Power Limited closed in the green at Rs. 31.98 on BSE, up by around 2 percent, compared to its previous closing price of Rs. 31.4. The stock has delivered positive returns of over 29 percent in one year, and has gained by around 13 percent in the last one month.
What’s the News
As per the latest disclosures with the stock exchanges, MSP Steel & Power Limited has informed that members of its promoter group have undertaken open market purchases of equity shares, with the details mentioned below.
Sampat Marketing Company Pvt. Ltd. has increased its stake in the company through an open market purchase. Prior to the transaction, the entity held 72,30,142 equity shares, representing 1.28 percent of the total shareholding. On 20th February 2026, it acquired an additional 2,29,500 equity shares via a market purchase on the NSE, aggregating to a transaction value of around Rs. 73.61 lakhs. Following this acquisition, Sampat Marketing Company’s shareholding has risen to 74,59,642 equity shares, constituting 1.32 percent of the company’s total equity.
Additionally, prior to the acquisition, Jaik Leasing and Commercial Investment Limited, another promoter group entity, held 3,48,22,927 equity shares, representing 6.14 percent of the total share capital. It purchased an additional 6,08,000 equity shares via a market purchase on the NSE, with a total transaction value of Rs. 1.98 crores. Following this acquisition, its shareholding has increased to 3,54,30,927 equity shares, accounting for 6.25 percent of the company’s total equity.
Finally, Ilex Private Limited has also increased its stake in the company through an open market transaction. Prior to the acquisition, the entity held 98,14,200 equity shares, representing 1.73 percent of the total share capital. It purchased an additional 9,00,000 equity shares via a market purchase on the NSE, with a total transaction value of Rs. 2.87 crores. Following this acquisition, its shareholding has risen to 1,07,14,200 equity shares, constituting 1.89 percent of the company’s total equity.
Financials & More
MSP Steel reported a decline in consolidated revenue from operations of around 11 percent, from Rs. 716.8 crores in Q3 FY25 to Rs. 639 crores in Q3 FY26. Likewise, its net loss decreased by about 33 percent YoY from Rs. 8.22 crores to Rs. 5.5 crores.
MSP Steel & Power Limited, the flagship company of the MSP Group, is engaged in the business of manufacturing and trading of iron and steel products and the generation of power. It has a manufacturing plant at Raigarh, Chhattisgarh, India.
Its end-to-end operations span the entire value chain, from raw material processing to the production of high-quality steel and a range of downstream value-added products.
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