MSP Steel & Power Limited — Important, 24-01-2025: General Updates

MSP Steel & Power Limited has received trading approval for the allotment of 96,099,913 equity shares and 5,975,471 equity shares, both issued on a preferential basis following the conversion of Optionally Convertible Debentures (OCDs). These shares will be available for trading on the National Stock Exchange and BSE starting January 22, 2025. The shares are issued at a price of Rs. 35 each, with a premium of Rs. 25. The lock-in period for these shares is set until July 31, 2025. This move can enhance liquidity in the market and potentially strengthen the company's capital position, marking a favorable outlook for investors.