MSP Steel Promoters Extend Buying Spree to 88L+ Shares with Latest Acquisitions

MSP Steel & Power Limited's promoter group entities have continued their relentless share acquisition campaign, purchasing an additional 10,72,000 equity shares during December 22-24, 2025. This marks the sixth wave of substantial purchases, bringing total acquisitions to over 88 lakh shares within an extended month-long buying spree that shows no signs of slowing.

Latest December Share Acquisitions (December 22-24)

The company disclosed fresh insider trading activities under SEBI regulations, with two promoter group entities making significant open market purchases during the December 22-24 period:

Promoter Group Entity	Shares Acquired	Acquisition Date	Transaction Details
Shree Vinay Finvest Private Limited	1,85,000	Dec 22, 2025	Open market purchase
Jagran Vyapaar Private Limited	8,87,000	Dec 23-24, 2025	Open market purchase
Total Latest Acquisitions	10,72,000	Dec 22-24, 2025	Sixth phase purchases

Comprehensive Six-Phase Acquisition Timeline

The promoter entities have now completed six intensive phases of share buying, demonstrating unprecedented commitment to the steel company:

Acquisition Period	Total Shares Acquired	Cumulative Total
November 28 - December 1, 2025	18,93,400 shares	18,93,400
December 5-8, 2025	10,83,500 shares	29,76,900
December 9-12, 2025	20,89,500 shares	50,66,400
December 15-16, 2025	10,95,600 shares	61,62,000
December 17-19, 2025	16,47,000 shares	78,09,000
December 22-24, 2025	10,72,000 shares	88,81,000
Grand Total	88,81,000 shares	Six-phase campaign

Updated Post-Acquisition Holdings

Following the latest December purchases, the shareholding positions continue to reflect substantial increases across promoter entities. The updated holdings demonstrate the sustained commitment of multiple promoter group companies to increase their stake in MSP Steel & Power.

Entity	Current Status	Percentage Stake
Jagran Vyapaar Private Limited	4,22,39,526 shares	7.46%
Jaik Leasing and Commercial Investment Limited	3,40,20,927 shares	6.14%
Shree Vinay Finvest Private Limited	1,35,52,443 shares	2.39%
Ilex Private Limited	91,14,800 shares	1.61%

Market Implications and Strategic Outlook

The unprecedented buying activity by promoter entities, now totaling over 88 lakh shares within an extended month-long period, represents one of the most aggressive insider buying campaigns witnessed in recent times. The sustained acquisition pattern across multiple promoter entities demonstrates exceptional confidence in MSP Steel & Power's strategic direction and growth prospects.

The company's robust financial foundation supports this optimistic outlook:

Financial Parameter	Amount
Total Assets	₹1,530.80 crore
Shareholders' Capital	₹976.00 crore
Reserve & Surplus	₹318.60 crore
Market Capitalization	₹2,114.72 crore

This accelerating share acquisition pattern, conducted transparently through open market platforms and complying with SEBI's insider trading regulations, sends a strong positive signal about management's unwavering confidence in the steel company's future performance. The continuous buying across six distinct phases within such a concentrated timeframe underscores the promoters' strategic belief in the company's market positioning and long-term value creation potential.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.05%	-12.57%	-18.76%	-10.30%	-22.61%	+253.73%

MSP Steel & Power Limited (MSPL) has taken a significant step towards financial recovery, receiving approval from major lenders for the payment of Right of Recompense (RoR), paving the way for its exit from the Corporate Debt Restructuring (CDR) framework.

Lender Approvals and RoR Payment

The company announced that key lenders, including State Bank of India (SBI), Bank of Baroda, and Indian Overseas Bank, have approved the RoR amount and issued confirmation letters. These approvals mark a crucial milestone in MSPL's journey towards financial stability and growth.

Background of Debt Restructuring

MSPL's borrowings were initially restructured under a CDR package led by SBI during the financial year 2014-2015. Subsequently, in FY 2017-2018, the package underwent further restructuring under the Scheme for Sustainable Structuring of Stressed Assets, with the consortium of lenders extending concessions to the company.

Calculation and Approval Process

As per the restructuring terms and RBI guidelines, MSPL became liable to pay the Right of Recompense to the lenders upon improvement in its financial performance. The consortium of lenders, led by SBI, appointed a consultant to calculate the RoR amount. Based on this calculation, the aforementioned banks have approved the RoR amount.

Board Approval and Next Steps

MSPL's Board of Directors approved the payment of RoR to all consortium lenders in a recent board meeting. The company is awaiting approvals from the remaining lenders, which are expected shortly. Upon receiving these approvals, MSPL will proceed to complete the payment to all lenders.

Implications for MSPL's Future

The exit from the CDR framework represents a significant milestone in MSPL's turnaround journey. The company stated that this development is expected to create new opportunities for growth and expansion. By fulfilling its RoR obligation, MSPL demonstrates its improved financial health and commitment to meeting its financial responsibilities.

Conclusion

As MSPL prepares to close this chapter of financial restructuring, the company looks forward to a future of potential growth and expansion. The successful exit from the CDR framework, once completed, will mark a new beginning for MSP Steel & Power Limited in its ongoing journey of financial recovery and business development.