MSP Steel & Power Limited's promoter group entities have further extended their aggressive share acquisition campaign, purchasing an additional 16,47,000 equity shares during December 17-19, 2025. This marks the fifth wave of substantial purchases, bringing total acquisitions to over 78 lakh shares within a month-long buying spree.

Latest December Share Acquisitions (December 17-19)

The company disclosed fresh insider trading activities under SEBI regulations, with two promoter group entities making significant open market purchases during the December 17-19 period:

Comprehensive Five-Phase Acquisition Timeline

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

Updated Post-Acquisition Holdings

Following the latest December purchases, the updated shareholding positions reflect substantial increases across promoter entities:

Market Implications and Strategic Outlook

The unprecedented buying activity by promoter entities, totaling over 78 lakh shares within a 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:

This accelerating share acquisition pattern, conducted transparently through NSE's open market platform 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 five distinct phases within such a concentrated timeframe underscores the promoters' strategic belief in the company's market positioning and long-term value creation potential.

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.